Advans Côte d'Ivoire

Debt : May 2017 - May 2022

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

Africa: Côte d'Ivoire

Investment field

Financial Institutions

Activity

KK.64.191 Microfinance institution

Organisation

Advans Côte d'Ivoire

Website

https://www.advanscotedivoire.com/

Domicile

Côte d'Ivoire

More investments in

Advans Côte d'Ivoire

Subsidy € 54,229.44 (2021-2023)
Debt € 2,000,000.00 (2021)
Subsidy € 122,950.00 (2019-2021)

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.