An FSA is an approach to support the rural poor population in ac-cessing a wide range of financial services and better manage their own resources efficiently. It combines the principles of an invest-ment company that focuses on risk capital, financial returns, and shareholder value and that of community finance that focuses on proximity, social capital, user ownership, and outreach to the poorer segments of the community. The FSA combines the advantages of user ownership together with modern governance, management and contract enforcement techniques to create an effective financial in-stitution.

FSAs Values

Financial services Association (FSA) is a form of micro finance institution providing a wide range of financial services only to its shareholders at an affordable cost and accessibility. Mission: To provide a wide range of affordable, efficient and effec-tive financial services to the poorest of the poor in Sierra Leone.

Vision:

FSAs in Sierra Leone will be operationally self sufficient and sustainable. It is owned and financed, (by the community through subscription of shares), owner used and owner managed. FSA s are established and situated in chiefdom headquarter town in most of the chiefdoms across the Country.

ELEGIBILITY

All Sierra Leoneans and even foreigners (irrespective of age or col-our) are eligible to join the FSA provided you have meet the fol-lowing qualifications:

• Must be a human being of sound mind
• Must be of mature age (guarantors are required in case of mi-nors)
• Willing to form a group of 5 shareholders, in case one wants to access FSA loans.
• Must be willing to abide by the rules and regulations set in the constitution of FSA.

HOW TO JOIN THE FSA?

An individual or a firm/church/mosque/academic institution/groups can be a shareholder of FSA. For more information, just pay a visit to the nearest FSA during official hours:

Weekdays:8:30AM----3:00 p.m
Saturday:9:00AM-----12:00 noon

Following are the initial requirements

1. Le 5,000 as registration fees (one-time off)
2. Le 5,000 for pass book.
3. Le 5,000 per share. One can purchase as many shares as possi-ble. Sales of shares is continuous and ongoing. Meaning addi-tional shares can be purchased at any time.
4. Two (2) passport size photographs.

PRODUCTS AND SERVICE

How to Access Loan

A Shareholder can access Loan 4 times the share value or 10% of the total share capital raised at any given time (Whichever is less).

• Money transfer facility- Airtel money, Western Union, Splash etc.
• Safekeeping of valuable items such as liquid cash, house plans car log book etc.