Advans Côte d'Ivoire

Debt : May 2017

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

Sub-Saharan Africa: Côte d'Ivoire

Investment field

Financial Institutions

Activity

Microfinance Institution

Organisation

Advans Côte d'Ivoire

Domicile

Côte d'Ivoire

More investments in

Advans Côte d'Ivoire

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

Seeing customers and employees grow

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.

Read more

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