ADVANS BANK TANZANIA LIMITED
Status: Completed investmentWhy disclosure?
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In case of questions
In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
Advans Bank Tanzania (ABT) is a microfinance institution established by Advans Sicar and FMO, its main shareholders. ABT has a special focus on providing financial services to micro-, small- and medium-sized enterprises (MSMEs), including ATM withdrawal cards, cheque deposit books, domestic transfers and mobile banking (Mpesa).
What is our funding objective?
The capacity development support will enable Advans to engage two interim managers (a Risk & Control Manager and a Commercial Manager) in order to improve the operation of the Risk and Control Department and to further develop the commercial strategy with a focus on the bank's branch network.
Why do we fund this investment?
By supporting Advans Bank Tanzania FMO indirectly helps increase access to finance, particularly in the rural MSME markets in Tanzania.
- Region
- Africa
- Country
- Tanzania, United Republic of
- Sector
- Financial Institutions
- Effective date
- 2/21/2014
- End date
- 10/12/2016
- Total FMO financing
- EUR 0.07 MLN
- Funding
- MASSIF
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Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - C