Your cookie choices

We use necessary cookies to make this site work. With your permission, analytics cookies help us understand usage and marketing cookies support advertising.

You can reject non-essential cookies and still use the site. Change your choices anytime in Cookie settings.

Cookie settingsCookie policy

ASA Microfinance Sierra Leone review

Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026

We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings. Partners with a live offer in your country come first, then every other brand by score.

Our verdict

ASA Microfinance Sierra Leone is a direct lender in Sierra Leone for female entrepreneurs and small business owners with collateral. Loans run 6 to 8, a first loan is processed in 1 week processing time for 1st loan, and the processing charge has no published figure.

Key facts

Best for
Female entrepreneurs and small business owners in Sierra Leone who can pledge collateral.
Loan amount
SLL 1,000,000 to SLL 50,000,000↗
Term
6 to 8 months↗
Arrangement fee
Loan processing fees applicable (amount not disclosed)↗
Funding time
1 week processing time for 1st loan↗
Lender type
Direct lender↗
Eligibility
Age 18-60 (small loans, female entrepreneurs only); age 25-55 (small business loan, male and female); collateral required↗
Loan types
Personal, Business↗
Legal entity
ASA Microfinance Sierra Leone Limited↗
Headquarters
Sierra Leone↗
Founded
2015↗
Support channels
Email, Phone↗
Official website
sierraleone.asa-international.com

Facts checked September 26, 2026, 4 sources

Pros and cons

Pros

  • It is a direct lender, so ASA Microfinance Sierra Leone Limited sets the terms and no broker sits in the middle.
  • Loan sizes of SLL 1,000,000 to SLL 50,000,000 with repayment terms of 6 to 8.
  • A first loan is processed in 1 week processing time for 1st loan, so the waiting period is short and stated.
  • Lending in Sierra Leone since 2015, covering both personal and business loans.

Cons

  • Collateral is required under the eligibility conditions, so the loan only works if you hold assets to pledge.
  • Support runs on email and phone only, so no branch, app or chat route is listed.
  • The cost is hard to price in advance: Loan processing fees applicable (amount not disclosed) is charged and no figure is published.
ASA Microfinance Sierra Leone

Ready to try ASA Microfinance Sierra Leone?

Scored 8.9 / 10 by SumCue.

See alternatives

Who it suits

  • Female entrepreneurs in Sierra Leone seeking a first small loan, where only female applicants qualify for small loans.
  • Small business owners, men and women, who can meet the eligibility conditions and offer collateral.
  • Borrowers who prefer to deal with the lender itself, ASA Microfinance Sierra Leone Limited, rather than go through a broker.

Who should look elsewhere

  • Borrowers elsewhere who want euro or peso lending: Cashspace lends PHP 500 to PHP 25,000 and Sofkredit lends €12,000 to €300,000.
  • Anyone who needs the full cost up front, since Loan processing fees applicable (amount not disclosed) carries no published figure.
  • Borrowers with nothing to pledge, because the eligibility conditions ask for collateral.

How ASA Microfinance Sierra Leone compares

Where ASA Microfinance Sierra Leone is available

Available
Sierra Leone

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

How much can I borrow?+

You can borrow SLL 1,000,000 to SLL 50,000,000, and terms run 6 to 8 on repayment. The business loan is open to men and women, while the small loan is reserved for female entrepreneurs, so the same band covers a first personal request and a working capital request.

What will the loan cost me?+

Loan processing costs apply, and Loan processing fees applicable (amount not disclosed) is charged without a published figure. That is the number to weigh before signing, along with the repayment term of 6 to 8, since a short term can still leave a heavy bill if the processing charge is large.

Who can apply for a loan?+

Small loans are for female entrepreneurs only, and the small business loan is open to men and women. Collateral is required in both cases, and applications are handled by ASA Microfinance Sierra Leone Limited, which has lent in Sierra Leone since 2015.

How long does it take to get the money?+

Processing takes 1 week processing time for 1st loan, so a first loan is a planned request rather than an emergency one. Apply with the amount and the term settled in advance, since the repayment window is 6 to 8 and the processing charge sits on top of the balance.

How do I reach a person about my application?+

Support runs on email and phone, so email and phone are the routes for questions. No branch, app or chat channel is listed, which makes it worth writing down your questions before you call and keeping the answers to the terms you agreed.

Do I borrow from the lender or through a broker?+

You borrow from the lender itself, a direct lender, and ASA Microfinance Sierra Leone Limited is the company behind the loans, so your application questions go to one place. There is no separate broker to approach for the same amount.

How does this compare with lenders in other markets?+

ASA Microfinance Sierra Leone lends SLL 1,000,000 to SLL 50,000,000 in Sierra Leone, while Cashspace lends PHP 500 to PHP 25,000 and Sofkredit lends €12,000 to €300,000. Those figures are quoted in their own currencies, so a side by side read is about market and collateral rather than a straight cost comparison.

Sources

Compiled from 4 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: APR, Credit check, Representative example.

Related by the facts

ASA Microfinance Sierra Leone

ASA Microfinance Sierra Leone

Female entrepreneurs and small business owners in Sierra Leone who can pledge collateral.

8.9/10See alternatives