In Liberia, individuals and small businesses are often unable to access loans because they do not have traditional collateral such as land or real estate. The Liberia collateral registry allows them to register their moveable assets, such as a vehicle or machinery, as collateral. Since its launch in June 2014, and despite the Ebola crisis, the collateral registry has provided access to over $226 million in loans to registered individuals and MSMEs. The registry was established by the Central Bank of Liberia in collaboration with IFC and the Finance and Markets Global Practice. The Collateral Registry program was supported by the UK Government and IFC's Conflict Affected States in Africa Initiative (CASA) and its donor partners Ireland, the Netherlands, Norway, and Sweden. CASA supports private sector growth, investment, and job creation in Africa's fragile and conflict affected states.
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Mahaman Mourtala
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