ADVANS INTERNATIONAL
Status: Approved investmentWhy disclosure?
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In case of questions
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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
Our client is Advans International, an MFI group operating in Africa and Asia.
What is our funding objective?
Conscious that its clients will be the most affected by climate change, Advans has defined a Climate Change Strategy, to integrate the effects and impacts of climate change into its core business model. In order to successfully implement this strategy, Advans needs to mobilize all of its key stakeholders and ensure they are aware of the impact climate change will have on its operations. FMO therefore funds a Climate Capacity Building Program to support Advans to make sure that all key stakeholders: i) understand the impacts and implications of climate change, globally but especially in their local context, and the consequences and possible opportunities for the microfinance industry and microfinance clients and; ii) are able to integrate climate change aspects into their strategic and operational objectives and ways of working.
Why do we fund this investment?
This project aligns strongly with FMO’s commitment to SDG 13 and mobilizes climate action for an MFI Group which enables the development of MSMEs in fragile and Low-Income Countries (LIC). This project helps Advans integrate the effects and impacts of climate change into their core business model to serve its BoP customers more effectively and is therefore also in line with MASSIF’s strategy of driving financial inclusion in a sustainable and responsible way.
More investments
| Date | Total FMO financing |
|---|---|
| 12/6/2021 | EUR 0.09 MLN |
| 12/29/2021 | EUR 0.09 MLN |
- Region
- Africa
- Country
- Africa
- Sector
- Financial Institutions
- Effective date
- 8/31/2022
- Total FMO financing
- EUR 0.19 MLN
- Funding
- MASSIF