ADVANS S.A. SICAR
Status: Approved 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
Contracting party for this project is Advans SICAR SA - the international company specialised in microfinance with subsidiaries in Cambodia, Cameroun, Ghana, Democratic Republic of Congo, Côte d'Ivoire, Pakistan, Nigeria, Tunisia and Myanmar. From micro loans to SME loans to current accounts, savings plans, insurance, transfers and other services, Advans aims to offer small businesses and other clients tailored financial services to help them grow their businesses and achieve their professional or personal goals.
What is our funding objective?
Through this investment FMO wants to strengthen its shareholding in the Advans Group and further support the company in the markets it is active in.
Why do we fund this investment?
FMO supports the Advans Group in order to support financial institutions, which contribute to strengthening local businesses, creating and sustaining jobs and improving clients’ living standards in order to foster private sector–led economic and social development in Africa, the Middle–East and Asia.
What is the Environmental and Social categorization rationale?
Advans has defined clear social goals for their operations with clients. As it is active in the microfinance sector, the environmental risk is limited.
- Country
- Luxembourg
- Sector
- Financial Institutions
- Effective date
- 10/21/2020
- Total FMO financing
- EUR 1.14 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