Advans Cote d'Ivoire SA
Status: Approved 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
Advans Côte d'Ivoire is a microfinance institution which provides responsible access to affordable and appropriate credit and savings products and other related financial services to small businesses and low-income populations.
What is our funding objective?
This project will enable Advans Cote d’Ivoire to accelerate the deployment of its digital transformation journey through the creation of a Local Project Management Office (PMO) and tailor its change management strategy to support the implementation of the harmonised digital infrastructure needed to remain a leading and agile microfinance group in the country.
Why do we fund this investment?
It is expected that technology will support Advans CI to improve its operations, making it more efficient and effective in addressing the needs of the poorest as well as the most vulnerable and marginalised groups, including women and people with disabilities. Additionally, digital tools aim at empowering underrepresented groups to take part in meaningful financial inclusion, ultimately promoting gender equality.
What is the Environmental and Social categorization rationale?
N/A
- Website customer/investment
- http://www.advansgroup.com
- Region
- Africa
- Country
- Côte d'Ivoire
- Sector
- Financial Institutions
- Publication date
- 6/1/2023
- Effective date
- 5/9/2023
- Total FMO financing
- EUR 0.14 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