ADVANS INTERNATIONAL
Status: Completed investmentWhy disclosure?
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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
Contracting party for this project is Advans International. Our client Advans Cote d’Ivoire (‘Advans CI’), is a microfinance institution and an affiliate of the Advans Group. Advans CI was created in July 2009 and started its operations in March 2012. Advans provides access to credit and savings products, as well as other related financial services to small businesses and low-income populations. At the end December 2018, the institution served around 115,000 clients through a network of 18 branches.
What is our funding objective?
The overall objective of this project is to improve Advans CI’s portfolio quality, its operational efficiency and its Client Protection Principles. The project focuses on three core components to achieve this objective: i) strengthening operational efficiency through a/o a restructuring of the branches, ii) risk management capacity building for staff and iii) integration of the Client Protection Principles throughout the operations.
Why do we fund this investment?
This project has a strong match with the MASSIF priorities as it supports an MFI that enables the development of MSMEs in a fragile and Low-Income Country (LIC). This project which focuses on improving Advans CI’s operations and its CPPs, is in line with MASSIF’s strategy of driving financial inclusion in a sustainable and responsible way.
More investments
| Date | Total FMO financing |
|---|---|
| 8/31/2022 | EUR 0.19 MLN |
| 12/6/2021 | EUR 0.09 MLN |
- Region
- Africa
- Country
- Côte d'Ivoire
- Sector
- Financial Institutions
- Effective date
- 10/11/2019
- End date
- 12/29/2021
- Total FMO financing
- EUR 0.09 MLN
- Funding
- MASSIF