Advan’s mission is to build a network of Microfinance Institutions (MFIs) or microbanks serving Micro, Small and Medium-Sized Enterprises (MSMEs) and low-income populations in developing, emerging and frontier countries. The institutions of the Advans group aim to offer simple yet effective financial services to MSMEs that have limited or no access to formal banking services. Advans' ultimate goal is two-fold: to contribute to the economic development of the countries in which it operates, and offer an acceptable financial return to its shareholders.
Advans SA SICAR (Advans) is a Luxembourg-based investment company established in 2005 by Horus Development Finance and several Development Finance Institutions. Its current shareholders are the European Investment Bank
(EIB), the Netherlands Development Finance Company (FMO), CDC Group Plc. (CDC), the International Finance Corporation (IFC), KfW Development bank (KfW) and FISEA (AFD Group).
The Advans group is active in eight countries in Africa and Asia: Cambodia, Cameroon, Ghana, Democratic Republic of Congo, Tanzania, Côte d’Ivoire, Nigeria, Pakistan, and Tunisia. At June 2015 the group had over 550,000 clients and more than 4,800 staff with EUR 400 million in outstanding loans and a total deposit portfolio of EUR 200 million.
Advans is constantly looking for new talents – follow us and consult our careers page on our website (address below) to see how you can become part of the Advans group!
Category: Payday loans