AccessBank Liberia - the Microfinance Bank (ABL) started operations in January 2009 with its headquarters in the capital Monrovia, which accounts for about a third of Liberia’s total population of 3.5 million. ABL is licensed and regulated as a fully-fledged commercial bank, but is the first Liberian bank to focus specifically on the micro and small business clientele. Access to banking services was until recently (with the market entry of ABL) limited to a small number of mostly high-value, well-connected customers. AccessBank Liberia, The Microfinance Bank was founded by four reputable international shareholders in a joint effort to support the Liberian banking sector in general and the country’s microfinance industry in particular.
ABL’s mission is to become the bank of choice for the low and middle income strata of the Liberian population, and the country’s leading provider of financial services to micro, small and medium enterprises. By the end of the fourth year of operations, the Bank has signed up more than 93,500 clients (December 2012), demonstrating that its product offering of loans and deposit services has hit the right spot in this still underserved market.
ABL provides micro and SME loans to eligible business owners. Regarding banking services, current and savings account as well as a term deposit option are offered. All accounts can be held in Liberian Dollar and US Dollar.