Stories & Research

CAFIA Blog

Insights on financial inclusion, digital economy, and the future of finance across Africa.

How entrepreneurs in Sierra Leone view formal banking—and why many believe accounts are only for when you have "enough" money.

Many businesses still rely mainly on cash and often use personal mobile money wallets for business transactions.

Many entrepreneurs understand their finances but do not keep written records because they do not see a clear benefit.

Cash preference, transaction errors, and network reliability remain important barriers to wider adoption of digital payments.

Simple digital tools that record transactions could help lenders assess small businesses and expand access to credit.

How entrepreneurs in Sierra Leone view formal banking—and why many believe accounts are only for when you have "enough" money.

Many businesses still rely mainly on cash and often use personal mobile money wallets for business transactions.

Many entrepreneurs understand their finances but do not keep written records because they do not see a clear benefit.

Cash preference, transaction errors, and network reliability remain important barriers to wider adoption of digital payments.

Simple digital tools that record transactions could help lenders assess small businesses and expand access to credit.

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