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.
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