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$750,000.00 (Project budget includes all project-funded activities)
Last Updated Date
Jun 29, 2025
Project Estimated Start Date
Jul 1, 2024
Project Estimated End Date
Dec 31, 2026
Client Legal Name
ACTB SAVINGS AND LOANS LIMITED
Project Description
IFC is supporting ACTB Sierra Leone to implement its new business plan by building management and staff capacity and providing technical expertise to ensure the institution continues to grow while managing risk and enhance its financial performance.
Development Results
The overall goal of this Project is to support the microfinance institution ACTB to implement its business plan and improve its management capacity to increase financial inclusion in Sierra Leone and access to finance for MSMEs.
Indicator
Cumulative
Number of participants reporting satisfied or very satisfied with workshops, trainings, seminars, conferences, etc.
0
E&S Risks / Impacts and Mitigation
Performance Standard
Description and Potential Impact
Mitigation
PS 1. Assessment and Management of Environmental and Social Risks and Impacts
As part of its due diligence, and as mandated by IFC's Sustainability Policy, the IFC team has screened this Project to assess consistency with IFC's Performance Standards (PS). The project will provide advisory services to an existing investee client. As such, E&S risks pertaining to the clients business operations will be managed under the investment project cycle and as per IFCs Sustainability Policy and E&S Risk Review Procedures. E&S risks will be further reviewed throughout the lifecycle of the project.
IFC advice will be provided in a manner consistent with the PS and, for these purposes, advice on E&S risk management will be delivered by specialists familiar with PS requirements.
Press-Release
Additional Documents
Similar Projects
This Summary of Advisory Services Project Information (ASPI) is prepared by IFC to disclose a factual summary of the main elements of this advisory services project. It may also include findings and recommendations related to environmental and social considerations regarding this project. The purpose of the ASPI is to enhance the transparency of IFC's activities. For any project documentation or data included or attached herein, whether prepared by the project sponsor or otherwise, authorization has been given for public release by the client. IFC considers that this ASPI is of adequate quality for release to the public, but has not necessarily independently verified all of the project information therein. It is distributed within sixty days of project's approval and may be updated periodically afterwards. Total budget and start dates are estimates only. The following ASPI is disclosed in accordance with IFC's Access to Information Policy (AIP) that went into effect on January 1, 2012.
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