ASA Microfinance Sierra Leone review

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

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Our verdict

ASA Microfinance Sierra Leone is a direct lender in SL that lends SLL 1,000,000 to SLL 50,000,000 over 6 to 8 to female entrepreneurs on the small loan and to men and women on the small business loan. It suits borrowers with collateral who want a short, self-arranged term rather than a long facility.

Key facts

Best for
Collateral-backed small business lending in Sierra Leone, aimed mainly at female entrepreneurs.
Loan amount
SLL 1,000,000 to SLL 50,000,000 (Source, checked September 26, 2026)
Term
6 to 8 months (Source, checked September 26, 2026)
Arrangement fee
Loan processing fees applicable (amount not disclosed) (Source, checked September 26, 2026)
Funding time
1 week processing time for 1st loan (Source, checked September 26, 2026)
Lender type
Direct lender (Source, checked September 26, 2026)
Eligibility
Age 18-60 (small loans, female entrepreneurs only); age 25-55 (small business loan, male and female); collateral required (Source, checked September 26, 2026)
Loan types
Personal, Business (Source, checked September 26, 2026)
Legal entity
ASA Microfinance Sierra Leone Limited (Source, checked September 26, 2026)
Headquarters
Sierra Leone (Source, checked September 26, 2026)
Founded
2015 (Source, checked September 26, 2026)
Support channels
Email, Phone (Source, checked September 26, 2026)
Official website
sierraleone.asa-international.com

Pros and cons

Pros

  • A direct lender covering personal and business loans, so the same team runs the application and the repayments
  • Borrowing runs SLL 1,000,000 to SLL 50,000,000 over 6 to 8, a short window that suits working capital rather than long debt
  • A first loan clears a 1 week processing time for 1st loan processing period, which keeps the wait for a new borrower short
  • Support runs on email and phone, so a borrower can reach the team that issued the loan directly

Cons

  • Loan processing fees apply and Loan processing fees applicable (amount not disclosed) does not publish the amount, so the real cost has to be asked for
  • Eligibility rules require collateral on both products, which rules out borrowers with nothing to pledge
  • The small loan is reserved for female entrepreneurs and each product carries its own age band, so eligibility narrows the pool of applicants
ASA Microfinance Sierra Leone

Ready to try ASA Microfinance Sierra Leone?

Scored 8.8 / 10 by BorrowCue.

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Who it suits

  • Female entrepreneurs in Sierra Leone who are running a small business and can offer collateral
  • Small business owners who prefer a direct lender to a broker or a marketplace and who can meet the collateral condition
  • Borrowers who need a short repayment window rather than a long schedule or a revolving credit line

Who should look elsewhere

  • Borrowers with no assets to pledge, because eligibility conditions require collateral on both the small loan and the small business loan
  • Men looking for the small loan, since eligibility on that product is for female entrepreneurs only, while the small business loan covers both
  • Anyone who needs a fixed fee figure up front, because Loan processing fees applicable (amount not disclosed) leaves the processing charge unpublished

Who runs it

ASA Microfinance Sierra Leone trades as ASA Microfinance Sierra Leone Limited, a direct lender based in Sierra Leone and working since 2015. Lending decisions sit with the firm itself, so a small business loan and a small personal loan are assessed by the same operation. Borrower contact runs on email and phone, which keeps questions about a loan with the team that issued it.

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 from ASA Microfinance Sierra Leone?+

Borrowing runs SLL 1,000,000 to SLL 50,000,000 in Sierra Leone leones, and both the small loan and the small business loan sit inside that published range. There is no separate ceiling for either product, so the amount depends on your circumstances and on which product you apply for.

How long do I have to repay the loan?+

Repayment runs over 6 to 8, which is a short window next to most lenders on the site. A short term suits a borrower who wants a defined end date and a small closing balance, and it means the monthly repayments need to fit that tighter schedule.

What fees does ASA Microfinance Sierra Leone charge?+

Loan processing fees apply to the small loan, and Loan processing fees applicable (amount not disclosed) confirms that the amount is not published. Ask for the figure in writing before signing anything, because the fee sits alongside the interest and together they set what the loan costs in total.

Who is eligible to apply for these loans?+

Eligibility rules differ by product. The small loan is offered to female entrepreneurs within an age band, while the small business loan is open to men and women within a different band, and both products ask for collateral before an application can go ahead.

How long does a first loan take to process?+

A first loan carries a 1 week processing time for 1st loan processing time, so approval does not turn into money the same day. Later loans are not covered by that figure, so treat the stated period as the starting point for planning around the cash.

Is my money protected if the lender fails?+

No regulator or compensation scheme is listed for this lender, so there is no stated cover for balances if the firm cannot repay you. Because the loans are secured on collateral, keep the amount borrowed within what the business can service from trading.

How do I contact ASA Microfinance Sierra Leone?+

Support runs on email and phone, so email and phone are the routes in. Written email is worth using for anything about fees or repayments, since it leaves a record of what you were told and of what was agreed.

Does ASA Microfinance Sierra Leone lend outside Sierra Leone?+

No. The lender is based in Sierra Leone and lends in Sierra Leone leones, so it serves a single market. Anyone borrowing in another currency should look at the alternatives on this page, which operate under different rules.

Sources

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

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

ASA Microfinance Sierra Leone

ASA Microfinance Sierra Leone

Collateral-backed small business lending in Sierra Leone, aimed mainly at female entrepreneurs.

8.8/10See alternatives

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