The International Finance Corporation (IFC), a member of the US-based World Bank Group, has formed an agreement with Advans Ghana Savings and Loans, a non-bank financial institution and member of Luxembourg’s Advans Group, to improve access to the Business Edge training program in Ghana.
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MICROCAPITAL BRIEF: Star Microinsurance Company of Ghana Pays Insurance Claims to Kantamanto Fire Victims through MicroEnsure, Advans Ghana
Ghana-based Star Microinsurance Company Limited reportedly has paid some of the victims of the Kantamanto and Agbogbloshie markets fire outbreak in the Ghanian city of Accra a total insurance claim of GHS 115,000 (USD 57,629) through its partners MicroEnsure Ghana, an insurance intermediary and subsidiary of US-based nonprofit Opportunity International, and Advans Ghana Savings and Loans, a non-bank financial institution that focuses on micro enterprise.
MICROCAPITAL BRIEF: Advans SA Launches Microfinance Institution in Pakistan
Advans SA SICAR (Advans SA), a microfinance investment vehicle managed by Horus Development Finance of France, recently announced the opening of Advans Pakistan Microfinance Bank (MFB) in Karachi, Pakistan.
MICROCAPITAL BRIEF: ResponsAbility Invests $1.9m in Advans of Cameroun, $1.2m in MicroCred of Senegal
ResponsAbility Social Investments, a Swiss investment company, recently disbursed the approximate equivalent of USD 1.9 million in subdebt to Advans Cameroun and the equivalent of USD 1.2 million in debt to MicroCred Senegal.
MICROCAPITAL BRIEF: ResponsAbility Reaches Deals Totaling $1.5m with Advans Cameroun, PRIDE of Tanzania
ResponsAbility Social Investments, a Swiss microfinance investment manager, has reached investment deals with Advans Cameroun, a microfinance institution (MFI) based in Cameroon, and Promotion of Rural Initiative and Development Enterprises Limited (PRIDE), an MFI based in Tanzania.
MICROCAPITAL BRIEF: Advans Incorporates Advans Pakistan Microfinance Bank, La Fayette Microfinance Bank of Nigeria
Advans SA, a microfinance investment vehicle that mobilizes funds for microfinance institutions (MFIs), recently announced the incorporation of the Advans Pakistan Microfinance Bank in the Republic of Pakistan and the La Fayette Microfinance Bank in Nigeria.
MICROCAPITAL BRIEF: Advans SA Opens Microfinance Institution Advans Cote d’Ivoire, International Finance Corporation (IFC) Invests $1m in Equity
Advans SA, a microfinance investment vehicle managed by Horus Development Finance of France, has announced that it has opened the first branch of its fifth microfinance institution (MFI), Advans Cote d’Ivoire, in Abidjan, the capital of the country.
MICROCAPITAL BRIEF: Advans, International Finance Corporation (IFC), KfW Bankengruppe, FMO to Start La Fayette Microfinance Bank in Nigeria with $6.2m in Equity Investments
Advans SA, a Luxembourg-based microfinance investment vehicle, has partnered with the International Finance Corporation (IFC), a US-based member of the World Bank Group; KfW Bankengruppe, a German development bank; and Nederlandse Financierings-Maatschappijvoor Ontwikkelingslanden NV (FMO), a Netherlands-based public-private development bank, to create a microfinance bank in Oyo State, Nigeria.
MICROCAPITAL BRIEF: responsAbility Lends $3m to Microfinance Institutions Advans Cameroun, Opportunity International Bank of Malawi
Switzerland’s responsAbility Social Investments AG (responsAbility) recently reported to MicroCapital that it has made loans totaling the local-currency equivalent of USD 3 million to financial institutions Advans Cameroun and Opportunity International Bank of Malawi (OIBM).
MICROCAPITAL BRIEF: Triodos Invests in Microfinance Institutions (MFIs) Advans Ghana, KixiCrédito of Angola, TYM Fund of Vietnam, Belarusian Bank for Small Business
Triodos Investment Management, a Netherlands-based manager of four microfinance investment funds, recently reported to MicroCapital that it has invested an undisclosed amount of funds in four microfinance institutions (MFIs): Advans Ghana Savings and Loans Limited, KixiCrédito of Angola, TYM Fund of Vietnam and Belarusian Bank for Small Business (BBSB) [1].
MICROCAPITAL BRIEF: Microfinance Venture Capital Company Advans SA Wins $4m in Grants From Agence Française de Développement (AFD), Oesterreichische Entwicklungsbank AG (OeEB), Part for Democratic Republic of the Congo, Côte d’Ivoire
Advans SA SICAR (Advans SA), a venture capital company specializing in microfinance and managed by Horus Development Finance of France, recently announced the signature of grant agreements with Agence Française de Développement (AFD), a public bilateral development finance institution, and Oesterreichische Entwicklungsbank AG (OeEB), the development bank of Austria, worth a total of EUR 3.1 million (USD 4.4 million) [1].
MICROCAPITAL BRIEF: IFC to Make Equity Investment of $1m in Microfinance Institution Advans Cote d’Ivoire
The International Finance Corporation (IFC), the private-investment arm of the World Bank Group, will invest USD 1 million in Advans Cote d’Ivoire, a member of the Advans SA group of microfinance institutions (MFIs).
MICROCAPITAL BRIEF: BlueOrchard Loans $1.1m in Local Currency to Cameroonian Microfinance Institution (MFI) Advans Cameroun
BlueOrchard Finance SA, a subsidiary of Switzerland-based BlueOrchard Microfinance Investment Managers, has announced that it will provide a local-currency loan of XAF 500 million (USD 1.1 million) to Advans Cameroun, a microfinance institution (MFI) operating in Cameroon.
MICROCAPITAL BRIEF: Triodos Invests in Microfinance Institutions (MFIs) KixiCrédito of Angola, Advans Ghana, Arnur Credit of Kazakhstan, Belarusian Bank for Small Business, Kompanion of Kyrgyzstan
Triodos Investment Management, a Netherlands-based manager of four microfinance investment funds, recently reported to MicroCapital that its funds have added five microfinance institutions (MFIs) to their portfolios; KixiCrédito of Angola; Advans Ghana Savings and Loans Limited of Ghana; Arnur Credit of Kazakhstan; Belarusian Bank for Small Business (BBSB) of Belarus; and Kompanion Financial Group Microfinance Closed Joint Stock Company of Kyrgyzstan.
MICROCAPITAL BRIEF: Advans Ghana Receives Investment of $4.52m from Société Générale, IFC, Triodos; Advans Cameroun Receives Loans of $2.45m from MicroVest, REGMIFA
Advans SA, a microfinance investment vehicle (MIV) registered in Luxembourg, recently reported to MicroCapital that two of its holdings have received local-currency refinancing loans.
MICROCAPITAL BRIEF: International Finance Corporation (IFC) Delivers “Business Edge” Training to Help Staff of Cameroonian Microfinance Institution (MFI) Advans Cameroun Support Micro-, Small and Medium-Sized Enterprises (MSMEs)
The International Finance Corporation (IFC), the private investment arm of the World Bank Group, has agreed to train branch managers, loan officers and other staff of microfinance institution (MFI) Advans Cameroun using IFC’s Business Edge program.
MICROCAPITAL BRIEF: Advans SA Launches Microfinance Institution (MFI) Advans Bank Tanzania in Dar es Salaam
Advans SA, a microfinance investment vehicle (MIV) registered in Luxembourg, recently announced the launch of Advans Bank Tanzania in Dar es Salaam. As reported by MicroCapital in November, 2010, the new microfinance institution (MFI) will offer products such as loans to small and medium-sized enterprises (SMEs), savings accounts in local and foreign currencies and domestic money transfers.
MICROCAPITAL BRIEF: International Finance Corporation (IFC) Lends $1M to Cameroonian Microfinance Institution (MFI) Advans Cameroun
The International Finance Corporation (IFC), the private sector arm of the World Bank Group, recently provided XAF 500 million (approximately USD 1.01 million) in local currency loan to Advans Cameroun, a microfinance institution (MFI) that is controlled by the Luxembourg- based investment firm Advans SA.