Welcome to the Sierra Leone Collateral Registry
Sierra Leone Collateral Registry
  • Welcome Message
    The Sierra Leone Collateral Registry,
    an initiative of the Bank of Sierra Leone (BSL) focuses on
    improving access to finance particularly for Micro, Small and
    Medium Enterprises (MSMEs). The maiden edition of the web-based
    Collateral Registry system was officially launched in June 2017.
    It was initially built based on the Borrowers and Lenders Act, 2014 and
    the Borrowers and Lenders (Collateral Registry) Regulations, 2016.
    Read More...

  • Construction/Manufacturing Machinery
    (Construction/Manufacturing)

    Machinery, trucks, generating sets drilling rigs, pressers, forklifts, and items comparable to those used for the purposes of construction and manufacturing whether already owned by the borrower or to be acquired are appropriate collateral to secure loans or other credit facilities.

  • Machinery/Equipment
    (Agricultural Machinery)

    Farming vehicles, combines, all-terrain vehicles, tractor attachments, fertilizer spreaders, balers, farm wagons and the like, whether already owned by the borrower or to be acquired, constitute agricultural machinery that can be used as collateral for loans.

  • Farm Products (Plants & Crops)

    Plants and crops such as coffee, cocoa, oil palm and cashew nut plantations, rice, cassava and plantain, coffee seeds, cocoa beans (growing, harvested and to be grown), other farm supplies used or produced in a farming operation and crops in their unmanufactured states whether already owned by the borrower or to be acquired, can be used as collateral to secure loans or other credit facilities.

  • Farm Products
    (Livestock & Farm Animals)

    Livestock like cattle, camel, sheep, goat and farm animals like poultry, fish etc. (born or unborn) and their offspring whether already owned by the borrower or to be acquired, are assets that can be used as collateral to secure loans or other credit facilities.

  • Immovable Property (Land & Buildings)

    Immovables like land (whether covered with water or not) or land together with any buildings on it and buildings whether already owned by the borrower or to be acquired, are appropriate collateral for securing loans or other credit facilities.

  • Timber

    Timber and timber products such as plywood and treated poles whether already owned by the borrower or to be acquired, are assets that can be used as collateral to secure loans or other credit facilities.

  • Inventory

    Goods that are held by a person for sale or lease, goods to be provided under a contract for services, raw materials or work in progress and materials used or consumed in a business, whether existing or future, are all suitable for securing loans or other credit facilities.

  • Receivables

    Any right to payment of a monetary obligation can be used for securing loans or in factoring transactions. Receivables do not include any right to payment evidenced by a negotiable instrument, a right to payment of funds credited to a bank account and a right to payment under a security. However, these other rights to payment may also be used as collateral.

  • Consumer Goods

    Consumer goods intended to be used for personal or household purposes whether already owned by the borrower or to be acquired, can be used as collateral to secure loans or other credit facilities.

  • Movable Collateral

    All tangible or intangible assets whether already owned by the borrower or to be acquired, are suitable for securing loans and other credit facilities.

Sierra Leone Collateral Registry

About the Registry

The Sierra Leone Collateral Registry is an initiative of the Bank of Sierra Leone (BSL) with support from the International Finance Corporation (IFC) a member of the World Bank Group to improve access to finance particularly for Micro, Small and Medium Enterprises (MSMEs). The Collateral Registry, originally established under Part II of the Borrowers and Lenders Act 2014, has seen a face lift after the enactment of the new Borrowers and Lenders Act 2019.Read More...
Other Collateral Items