Advans Group, a Luxembourg-based microfinance organization with operations in nine low- and middle-income countries, recently partnered with Tagit, a Singapore-based mobile technology company, to develop a mobile banking application for Advans customers. The app will be based on
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SPECIAL REPORT: Advans Cote d’Ivoire Wins $113k European Microfinance Award for Inclusive Finance Through Technology
Last 
night, Advans Cote d’Ivoire (CI), a microfinance institution in Cote d’Ivoire, won the European Microfinance Award 2018, which was themed “Financial Inclusion through Technology” and includes a cash prize of EUR 100,000 (USD 113,000). Advans CI, a member of the Advans Group, offers payment, saving and credit services that can be linked to MTN mobile money accounts. The cocoa farmers who are customers of Advans CI were having trouble with traceability and safety issues related to being paid by cooperatives in cash. They were also having trouble saving money from harvest time until the school year begins, resulting in low school enrollment. Advans CI responded by creating a
SPECIAL REPORT: Advans Cote d’Ivoire, ESAF Small Finance Bank, KMF Are Finalists for European Microfinance Award on Financial Inclusion Through Technology
On the 20th of September, the Selection Committee for the European Microfinance Award 2018 on “Financial Inclusion through Technology” chose the three finalists that will go on to compete for the EUR 100,000 (USD 118,000) prize: Advans CI of Ivory Coast, ESAF Small Finance Bank of India and KMF of Kazakhstan.
This year, the Award has highlighted the role of technology in advancing financial inclusion, showing how technology-enabled services and solutions can help financial services providers such as microfinance institutions increase outreach to low-income and vulnerable segments, offering products and services capable of responding to clients’ needs for trust, speed, low cost, security, usability and
MICROCAPITAL BRIEF: Grameen Credit Agricole Foundation Lends $7.1m to Agency for Finance in Kosovo (AFK); Advans Group to Refinance in DRC, Myanmar
The Grameen Credit Agricole Foundation (GCAF), whose head office is in Luxembourg, recently informed MicroCapital that it is disbursing loans to: (1) Agency for Finance in Kosovo (AFK) in the amount of EUR 1.4 million (USD 1.6 million),
MICROCAPITAL BRIEF: Grameen Credit Agricole Foundation Lends $2.2m in Local Currency to Advans, Premiere Agence de MicroFinance (PAMF) of Cote d’Ivoire
The Grameen Credit Agricole (GCA) Foundation, whose head office is in Luxembourg, recently informed MicroCapital that it is extending the following local-currency loans: the equivalent of USD 1.24 million to Advans Cote d’Ivoire, a unit of Luxembourg’s Advans SA, and the equivalent of USD 950,000 to Premiere Agence de MicroFinance (PAMF) Cote d’Ivoire, an affiliate of Switzerland’s Aga Khan Agency for Microfinance.
Founded in 2012, Advans Cote d’Ivoire has a gross loan portfolio of EUR 74 million (USD 92 million), client deposits of EUR 46 million (USD 57 million), and 79,000 clients served via 12 branches as of June 2017. Advans SA, which is active in 10 countries
MICROCAPITAL BRIEF: Advans Cote d’Ivoire, Aga Khan’s PAMF-Mali Borrowing $3.8m from Grameen Credit Agricole Microfinance Foundation
The Grameen Credit Agricole Microfinance Foundation (GCAMF), a Luxembourg-based provider of financial services to microfinance institutions and other social businesses, recently informed MicroCapital that it has committed to extending the following local-currency loans in phases over three years: the equivalent of USD 2.9 million to Advans Cote d’Ivoire and the equivalent of USD 890,000 to Premiere Agence de MicroFinance (PAMF) Mali.
MICROCAPITAL BRIEF: Advans Myanmar Disburses First Group Microfinance Loan from Branch in Amarapura
The Advans Group, which operates a network of 10 microfinance institutions from offices in France and Luxembourg, recently opened the first branch of Advans Myanmar in the city of Amarapura. Advans Myanmar is offering loans of up to MMK 1 million (USD 740) to groups of three to six traders and salaried workers.
MICROCAPITAL BRIEF: Advans Tunisie Launches Microfinance Operations in Tunis
Advans SA, a Luxembourg-based venture capital company, has announced the launching of operations by its ninth affiliated microfinance institution, Advans Tunisie.
MICROCAPITAL BRIEF: Advans SA Purchases 8.4% of Shares of Cambodian MFI Amret, Becomes Majority Shareholder; FMO Increases Stake to 19.9%
Advans SA, a Luxembourg-based venture capital company, has become the majority shareholder of Amret, a Cambodian microfinance institution (MFI), upon approval by The National Bank of Cambodia of its purchase of 8.4 percent of the shares of Amret.
MICROCAPITAL BRIEF: World Bank Group’s International Finance Corporation (IFC) Increases Presence in Cameroon, Indonesia with $22m Equity Investment in Bank Mayora, Advisory Agreement with Advans Cameroun
The International Finance Corporation (IFC), a member of the World Bank Group focused on private sector development, recently made an equity investment of USD 22 million in Indonesia-based Bank Mayora to support its services for micro-, small and medium-sized enterprises (MSMEs).
MICROCAPITAL BRIEF: International Finance Corporation (IFC) Loaning $2.5m to La Fayette Microfinance Bank, Nigerian Member of Advans Network
The International Finance Corporation (IFC), a member of the World Bank Group, is investing NGN 400 million (USD 2.5 million) in La Fayette Microfinance Bank, one of eight members of the Advans Network of microfinance institutions, which is based in Luxembourg and managed by Horus Development Finance of France.
MICROCAPITAL BRIEF: Utkarsh Micro Finance, Advans SA Land $24m in Equity from CDC, Lok Capital, Aavishkaar Goodwell India, International Finance Corporation, Norwegian Microfinance Initiative
The Commonwealth Development Corporation (CDC), a development finance institution owned by the UK government, has announced that it has made an equity investment of USD 11 million in Utkarsh, a northern Indian microfinance institution (MFI) [1].
MICROCAPITAL BRIEF: CGAP (Consultative Group to Assist the Poor), The MasterCard Foundation Award $900k to Advans Cote d’Ivoire, MFS Africa, Money Express for Branchless Banking Projects in Benin, Cote d’Ivoire, Senegal
CGAP (Consultative Group to Assist the Poor), a US-based nonprofit that aims to facilitate the expansion of financial access, and The MasterCard Foundation, a Canada-based nonprofit that aims to promote youth learning and financial inclusion in emerging markets, recently awarded a total of USD 900,000 to three projects in countries of the West African Economic and Monetary Union (WAEMU) to expand the availability of banking in the region.
MICROCAPITAL BRIEF: Advans SA Raises $27m from Existing Shareholders in Third Round of Fundraising
Advans SA, a Luxembourg-based organization that provides financial services to micro, small, and medium-sized enterprises (MSMEs), recently raised EUR 20 million (USD 26.8 million) in its third round of fundraising.
MICROCAPITAL BRIEF: International Finance Corporation (IFC) Loans $4m to Advans Côte d’Ivoire for On-lending to Micro-, Small, Medium-Sized Enterprises (MSMEs)
The International Finance Corporation (IFC), a member of the World Bank Group that offers financial services to businesses and governments in developing countries with the aim of increasing economic growth, has announced that it will loan CFA 2 billion (USD 4.3 million) to Advans Côte d’Ivoire, a bank that was founded in 2012 to provide savings and lending services to micro-, small and medium-sized enterprises (MSMEs) in the country.
MICROCAPITAL BRIEF: Advans Pakistan Microfinance Bank, MicroEnsure, EFU Life to Cover Loan Payments in Case of Sickness, Disability, Death, Death of Spouse
Advans Pakistan Microfinance Bank, a member of the Advans SA group that offers financial services to micro-, small and medium-sized enterprises (MSMEs) in Pakistan, has joined with MicroEnsure Pakistan, a subsidiary of the UK-based MicroEnsure insurance agency, and Eastern Federal Union Life, a private-sector life insurance company in Pakistan, to introduce “Enhanced Credit Cover” for its borrowers.
MICROCAPITAL BRIEF: Triodos Investment Management Loans $1m each to Advans Banque Congo, Microfinance Institution (MFI) Vitas Jordan
Triodos Investment Management, a subsidiary of Netherlands-based Triodos Bank, reportedly has loaned USD 1 million to Advans Banque Congo, a commercial bank, and JOD 705,000 (USD 1 million) to Amman-based microfinance institution (MFI) Vitas Jordan.
MICROCAPITAL BRIEF: Advans SA to Create Tunisian Microfinance Institution Advans Tunisie
Advans SA SICAR (Advans SA), a microfinance investment vehicle managed by Horus Development Finance of France, recently announced plans to start Advans Tunisie, a microfinance institution (MFI) that will apply for a license from the Tunisian Ministry of Finance with the aim of launching before December 2013.