CLIENT PRESENTATION

ADVANS CI is a subsidiary of Advans SA, an international microfinance group set up by Horus Development Finance and several multilateral investors. Advans Côte d’Ivoire’s mandate is to offer loan and savings products, as well as a wide range of related financial services, to microenterprises and SMEs in Côte d’Ivoire. It is the 3rd largest microfinance institution in Côte d’Ivoire in terms of the volume of its loan portfolio and serves over 16,500 borrowers. It has over 29,000 savers via a network of 7 branches (in June 2015).

PROJECT DESCRIPTION

FISEA participe à l’augmentation de capital d’Advans Côte d’Ivoire dont il est actionnaire depuis 2010. Cette opération permettra de soutenir le développement de l’institution de microfinance notamment hors d’Abidjan, dans des régions où les populations pauvres et les PME sont toujours très peu servies par les banques et les institutions de microfinance. Le projet d’accompagnement technique permettra d’accompagner Advans CI dans l’amélioration et le développement à grande échelle de son offre de “crédit cacao” destinée aux petits producteurs de cacao en Côte d’Ivoire.

PROJECT IMPACT

In just a few years, Advans Côte d’Ivoire has successfully innovated in order to improve access to financial services for a population which has until now been unserved by banks: women entrepreneurs, urban micro-entrepreneurs, farmers, SMEs… This operation will allow it to step up its action for financial inclusion. It will support job creation and increase incomes for clients and their families. The technical assistance project will contribute to increasing the yields and incomes of cocoa producers in Côte d’Ivoire by giving them access to inputs (fertilizer and plant protection products).