Overview:
The Advans SA fund is a microfinance investment vehicle which mobilizes funds for microfinance institutions (MFIs).
Description:
Advans SA was created by Horus Development Finance with backing from Agence Francaise de Developpement (AFD), European Investment Bank (EIB), Nederlandse Financierings-Maatschappijvoor Ontwikkelingslanden N.V. (FMO), International Finance Corporation (IFC), and Kf@ Entwicklungsbank (KfW). Advans SA aims to create new microfinance institutions (MFIs), which are retail micro-lenders, by investing as a lead shareholder. Advans SA aims to create approximately 10 new MFIs and invest in existing MFIs principally in Africa and Asia.
Microfinance Information Exchange (MIX) Profile:
http://www.mixmarket.org/funders/advans-sa
Organization’s Website:
www.advansgroup.com
Just the Facts:
Country of Incorporation: Luxembourg
Year Founded: 2005
Legal Status: Societe anonyme
Fund Assets (as of day/month/year): EUR 7.4 million (as of 31/March/2008)
Number of MFI Investments (as of day/month/year): 2 (as of 31/March/2008)
Area of Operation: Congo, Ghana, Cameroon, Cambodia
Participant(s)/Backer(s)/Investor(s): Horus, EIB, KfW, FMO, CDC, AFD, IFC
Instruments: Loans and Debt Securities, Equity, Guarantees, Technical Assistance
Fund Currency: EUR
Investment Horizon: 360 months
Fund Manager: Steven Duchatelle
Contact Information:
Claire Leprince
Communications Officer
contact@advansgroup.com
+33 1 53 32 75 75
Additional Resources:
News from Advans SA about its investments
Congo: http://www.advansgroup.com/index.php?id=136
Ghana: http://www.advansgroup.com/index.php?id=131
Cameroon: http://www.advansgroup.com/index.php?id=129
Cambodia: http://www.advansgroup.com/index.php?id=144
Latest News on Advans SA from Microcapital.org
https://www.microcapital.org/?s=advans&x=0&y=0
Microfinance Institutions, Advans Ghana and Advans Cameroun, Boast Increased Capital by EUR 1m & EUR 2.3m Respectively (August 2009)
https://www.microcapital.org/microcapitalorg-story-microfinance-institutions-advans-ghana-and-advans-cameroun-boast-increased-capital-of-e25m-e23m-respectively/
Advans SA SICAR Launches Microfinance Bank in Democratic Republic of the Congo: Advans Banque Congo (August 2009)
https://www.microcapital.org/advans-sa-sicar-launches-microfinance-bank-in-democratic-republic-of-the-congo-advans-banque-congo/
Advans SA of Luxembourg Opens Microfinance Institution in Ghana (October 2008)
https://www.microcapital.org/press-release-advans-sa-of-luxembourg-opens-microfinance-institution-in-ghana/
British Government-sponsored CDC Group to Invest $10.5m of Equity in Luxembourgian Venture Capital Firm Advans SA (August 2008)
https://www.microcapital.org/microcapital-story-british-government-sponsored-cdc-group-to-invest-105m-of-equity-in-luxembourgian-venture-capital-firm-advans-sa/
International Finance Corporation (IFC) to Join German Development Bank Kreditanstalt fur Wiederaufbau (KfW) and Venture Capital Firm Advans Group in Launching Commercial Microfinance Insitution Advans Banque Congo; Will Provide up to $3.1m in Debt and Equity (June 2008)
https://www.microcapital.org/microcapital-story-international-finance-corporation-ifc-to-join-german-development-bank-kreditanstalt-fur-wiederaufbau-kfw-and-venture-capital-firm-advans-group-in-launching-commercial-microfina/
Link to Microcapital Universe, Your Wiki for Microfinance and More:
https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Advans+SA
Authored by Kenny Kline, Research Associate
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