Mobile Money Transfer Market Study in Sierra Leone

Cordaid

Context: In 2005, Cordaid began supporting the development of the microfinance sector in Sierra Leone (also via MITAF). There are now 13 MFIs in the country, who reach 95,000 loan clients. Mobile financial services have been offered since 2010 (Splash and Airtel Money.

Objective: assess the market demand for mobile money transfer (MMT) and provide advice on the role that MFIs can play in the mobile financial services’ ecosystem.

Deliverables: market research based on desk studies, interviews and focus groups. A value proposition for MMT in Sierra Leone was included and concrete scenarios for how MFIs can become players in the ecosystem. 10 MFI assessment reports on their readiness for MMT were produced and a workshop with the central bank, MFIs and mobile money providers.

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