Advans Côte d'Ivoire
Advans Côte d’Ivoire is a controlled subsidiary of Advans Holding. Its mission is to respond to the need of MSMEs and other populations with limited or no access to formal financial services through the provision of tailored products in a sustainable and responsible manner.
Amount
€ 3,000,000.00
Type of investment
Debt
Development impacts
- Local economic growth
- Private sector consolidation/innovation
- Financial inclusion
- Food security & rural development
Beneficiary locations
Investment field
Financial Institutions
Activity
Microfinance Institution
Advans offers savings, loans, payments and insurance services to informal micro and semi-formal SME clientele looking for financial support to grow their businesses. The distinction between micro and SME customers is related to the level of formalization and number of employees (>6 for SME)
Development impacts
-
Local economic growth
The growth in loan portfolio will be fully directed towards small MSME’s with an average loan amount of EUR 4.4k.
-
Private sector consolidation/innovation
The growth in loan portfolio will be fully directed towards small MSME’s with an average loan amount of EUR 4.4k.
-
Financial inclusion
Inclusive growth is very high on the Ivorian government’s agenda and listed as one of its top priorities according to the IMF. Advans deliberately focuses on segments which suffer from a lack of market coverage.
Advans’ mission is to provide access to financial services for underserved individuals and micro-enterprises. -
Food security & rural development
Advans aims to approach specific underserved niches in the market (such as agriculture) and designs its products to become attractive to those prospects, which are usually hard to reach.
Read impact and news about this project
Impact Story
Seeing customers and employees grow
20-01-2021
BIO has granted a € 3 M loan to Advans Côte d’Ivoire and technical assistance of € 123 K.
Mariam Djibo is the managing director of Advans CI. This is her story.
View more of our investments in this region
Investment Companies & Funds
Fefisol II
3,000,000.00
Burkina Faso, Côte d'Ivoire, Democratic Republic of Congo, Kenya, Mali, Niger, Uganda
17/05/2022
Equity
Investment Companies & Funds
Uhuru Growth Fund I-A SCP
7,063,392.00
Burkina Faso, Côte d'Ivoire, Ghana, Mali, Nigeria, Senegal
31/03/2022
Equity
Investment Companies & Funds
Uhuru Growth Fund I-A SCP
2,500,000.00
Burkina Faso, Côte d'Ivoire, Ghana, Kenya, Mali, Nigeria, Senegal
31/03/2022
Equity
Infrastructure
Spark + Africa Fund
2,444,790.00
Burkina Faso, Côte d'Ivoire, Ghana, Kenya, Rwanda, Senegal, Tanzania, Uganda
10/03/2022
Equity
Financial Institutions
Alterfin
80,000.00
Cambodia, Nicaragua, Peru, Côte d'Ivoire, Kenya
03/03/2022
Subsidy
Investment Companies & Funds
Fonds Cauris Croissance II
5,000,000.00
Benin, Burkina Faso, Cameroon, Côte d'Ivoire, Ghana, Guinea, Mali, Niger, Senegal
05/10/2010
Equity
Investment Companies & Funds
Alterfin
20,125.00
Cambodia, Nicaragua, Côte d'Ivoire, Kenya
03/08/2021
Subsidy
Financial Institutions
The Currency Exchange Fund n.v.
7,091,000.00
Bangladesh, Cambodia, India, Indonesia, Myanmar, Nepal, Pakistan, Philippines, Sri Lanka, Vietnam, Bolivia, Brazil, Colombia, Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, Nicaragua, Paraguay, Peru, Algeria, Egypt, Iraq, Jordan, Lebanon, Morocco, Syria, Tunisia, Palestinian Territories, Benin, Burkina Faso, Burundi, Cameroon, Côte d'Ivoire, Democratic Republic of Congo, Ethiopia, Ghana, Guinea, Kenya, Madagascar, Malawi, Mali, Mozambique, Niger, Nigeria, Rwanda, Senegal, South Africa, Tanzania, Uganda, Zambia
05/09/2007
Equity
Investment Companies & Funds
Africinvest Fund II LLC.
6,000,000.00
Tunisia, Burkina Faso, Cameroon, Côte d'Ivoire, Ghana, Kenya, Nigeria, Senegal
28/08/2008
Equity
Investment Companies & Funds
Interact Climate Change Facility
6,000.00
India, Mongolia, Honduras, Côte d'Ivoire, Ghana
23/02/2011
Equity
Investment Companies & Funds
Interact Climate Change Facility
10,000,000.00
India, Mongolia, Honduras, Côte d'Ivoire, Ghana
23/02/2011
Debt
Financial Institutions
Bank of Africa Group S.A.
1,954,160.00
Benin, Burkina Faso, Côte d'Ivoire, Democratic Republic of Congo, Ghana, Kenya, Madagascar, Mali, Niger, Rwanda, Senegal, Tanzania, Uganda
30/03/2011
Equity
Financial Institutions
Orabank Côte d'Ivoire
10,000,000.00
Burkina Faso, Côte d'Ivoire, Guinea, Mali, Niger, Senegal
09/02/2016
Debt
Investment Companies & Funds
AgRIF Coöperatief U.A.
105,000.00
Cambodia, India, Mongolia, Myanmar, Bolivia, Colombia, Ecuador, Guatemala, Honduras, Nicaragua, Peru, Burkina Faso, Côte d'Ivoire, Kenya, Senegal
11/09/2018
Subsidy
Investment Companies & Funds
AgRIF Coöperatief U.A.
5,438,332.50
Cambodia, India, Mongolia, Myanmar, Bolivia, Colombia, Ecuador, Guatemala, Honduras, Nicaragua, Peru, Burkina Faso, Côte d'Ivoire, Kenya, Senegal
18/06/2015
Equity
Enterprises
Enko Education
850,000.00
Burkina Faso, Cameroon, Côte d'Ivoire, Mali, Mozambique, Senegal, South Africa
17/12/2020
Debt
Investment Companies & Funds
Adenia Capital III
100,000.00
Côte d'Ivoire, Ghana, Madagascar
05/05/2020
Subsidy
Financial Institutions
Alterfin
3,000,000.00
Cambodia, Nicaragua, Côte d'Ivoire, Kenya
15/07/2020
Debt
Investment Companies & Funds
Fairtrade Access Fund
350,000.00
Bolivia, Brazil, Colombia, Ecuador, Guatemala, Honduras, Nicaragua, Paraguay, Peru, Burkina Faso, Côte d'Ivoire, Ghana, Kenya, Tanzania, Uganda
07/04/2020
Subsidy
Investment Companies & Funds
AfricInvest Financial Inclusion Vehicle
10,000,000.00
Morocco, Côte d'Ivoire, Democratic Republic of Congo, Ghana, Kenya, Nigeria, Rwanda, Tanzania, Zambia
14/12/2017
Equity
Investment Companies & Funds
Alterfin
250,000.00
Cambodia, Nicaragua, Côte d'Ivoire, Kenya
13/12/2002
Equity
Investment Companies & Funds
Fairtrade Access Fund
3,000,000.00
Bolivia, Brazil, Colombia, Ecuador, Guatemala, Honduras, Nicaragua, Paraguay, Peru, Burkina Faso, Côte d'Ivoire, Ghana, Kenya, Tanzania, Uganda
24/10/2019
Equity
Investment Companies & Funds
Beyond the Grid Solar Fund
3,185,582.00
Burkina Faso, Côte d'Ivoire, Ghana, Kenya, Nigeria, Rwanda, Tanzania, Uganda
26/10/2017
Debt
Investment Companies & Funds
Adenia Capital IV
9,000,000.00
Côte d'Ivoire, Ghana, Kenya, Madagascar
01/11/2016
Equity
Enterprises
Enko Education
2,000,000.00
Burkina Faso, Cameroon, Côte d'Ivoire, Mali, Mozambique, Senegal, South Africa
20/09/2018
Debt
Investment Companies & Funds
Adenia Capital III
5,000,000.00
Côte d'Ivoire, Ghana, Madagascar
28/02/2012
Equity
Investment Companies & Funds
Adenia Capital III
100,000.00
Côte d'Ivoire, Ghana, Madagascar
19/05/2016
Subsidy
Investment Companies & Funds
Adenia Capital III
150,000.00
Côte d'Ivoire, Ghana, Madagascar
28/09/2012
Subsidy
