ABSTRACT: In recent years, small-scale transfers also known as micro-remittances have become an integral part of Sierra Leone’s economy. These transactions, typically below 250 United States Dollars (USD), provide crucial financial support to households, enabling many to maintain a basic standard of living.  This study aims to fill this gap by providing a detailed analysis of the socio-economic impact of micro-remittances on Sierra Leonean households in Freetown. By focusing on micro remittance transfers, this research will offer new insights into how these funds affect household financial behaviour and contribute to economic development. Also, this study will explore the potential of blockchain technology to enhance the efficiency and accessibility of micro- remittance transfers.

The study adopted the mixed approach of research design to provide answers to the formulated research questions. A well-structured and validated questionnaire was administered to fifty (50) willing household respondents. Data obtained from the field survey in collaboration with Fintech company M was analyzed and presented using statistical tools. The study revealed that small-scale remittance transfers have allowed Sierra Leonean households to allocate more funds toward savings as additional financial support; the additional income from remittances has enabled households to prioritize and expedite the repayment of debts; and remittances have helped cover essential household expenses, reducing financial stress and allowing for better budget planning.  

The researchers recommend that the Fintech Companies in collaboration with the government of Sierra Leone should invest more in financial literacy programs wherein households are equipped with the knowledge to save, invest, and utilize funds efficiently, the benefits of remittances extend beyond immediate consumption to long-term economic stability and growth.  

Keywords: Small-Scale Remittances, Socio-economic Impact, Sierra Leonean Households, Blockchain Technology, Economic Stability and Growth.