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Advans Côte d'Ivoire

Subsidy : October 2021 - May 2023

BIO has granted 55 K of technical assistance to Advans Côte d'Ivoire, an Ivorian MFI

Amount

€ 54,229.44

Type of investment

Subsidy

Beneficiary locations

Africa: Côte d'Ivoire

Investment field

Financial Institutions

Activity

KK.64.191  Microfinance institution

Organisation

Advans Côte d'Ivoire

Domicile

Côte d'Ivoire

More investments in

Advans Côte d'Ivoire

  • Debt € 2,000,000.00 (2021)
  • Subsidy € 122,950.00 (2019-2021)
  • Debt € 3,000,000.00 (2017-2022)

Advans Côte d'Ivoire (ACI) is a microfinance institution licensed by the Ministry of Economy and Finance of the Republic of Côte d'Ivoire which was created in 2009 and started operations in 2012. THE MFI provides products and financial services to MSME in urban and rural areas.

The MFI is part of the Advans Group, a DFI-led group whose mission is to respond to the needs for financial services of MSMEs and other underserved populations.

Technical assistance

Capacity building for middle managers, with a focus on women in Advans Côte d'Ivoire, as well as gender sensitisation in the management (Executive Committee) and HR department.

Expected impact

  • Training of managers in IT tools, management, public speaking and gender equality, including the obstacles faced by women. Implementation of a mentoring programme.
  • Gradual increase in the number of female senior managers and reduction of manager turnover.
  • Raising awareness of gender equality at different levels of the organisation.

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