771,9M€
Wallet
760 097
Number of beneficiaries
7 300
Collaborators
1M
Beneficiaries
Luxembourg
Financial services
Funding granted
Loan of €4.0M*
(local currency equivalent)
Partner of the Foundation
since 2018
*Outstanding at grant value
Context :
ADVANS targets developing markets where customers have limited access to financial services and where there is strong potential for growth and social value creation.
The company:
ADVANS is an international microfinance group whose mission is to build a network of microfinance institutions (MFIs) in developing and emerging countries to meet the financial services needs of small businesses and other populations who have inadequate, limited or no access to formal financial services.
Impact :
The group offers financial services tailored to individuals in a sustainable and responsible manner to help them achieve their professional or personal goals. The group operates in nine countries: Cambodia, Cameroon, Ghana, the Democratic Republic of Congo, Côte d'Ivoire, Pakistan, Nigeria, Tunisia, and Myanmar.
With a loan of USD 4.5 million, the Foundation strengthens the impact of the Advans Group
The Grameen Crédit Agricole Foundation has granted a loan of US$4.5 million to the Advans Group, a leading international microfinance group established in 2005.
The Foundation, an expert in the microfinance sector
As an investor, financier, and technical assistance coordinator, the Grameen Crédit Agricole Foundation has been supporting microfinance institutions (MFIs) and social business enterprises around the world for 10 years. With nearly €65 million in microfinance assets, it now supports more than 60 MFIs in some 30 countries.
Advans, a strategic partner for the Foundation
The Advans Group operates in nine countries: Cambodia, Cameroon, Ghana, the Democratic Republic of Congo, Ivory Coast, Pakistan, Nigeria, Tunisia, and Myanmar, with over 800,000 clients. Advans' mission is to develop a network of microfinance institutions in developing countries that can facilitate access to financial services for economically vulnerable small entrepreneurs and their families.
The loan granted by the Grameen Crédit Agricole Foundation to the Advans Group demonstrates the excellent relationship between the two organizations and is at the heart of a truly strategic relationship and shared values. It will strengthen Advans' activities, particularly in the Democratic Republic of Congo, where the Group is committed to promoting entrepreneurship in both urban and rural areas of the country.
As part of the Foundation's medium-term plan, this funding aims to strengthen its presence among major players in the sector, mainly located in rural areas.
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Advans is a leading international microfinance group established in 2005. Its mission is to meet the financial service needs of small businesses and other economic agents who have inadequate, limited or no access to traditional financial services, by providing them with appropriate financial services in a sustainable and responsible manner.
For more information: //www.advansgroup.com
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Created in 2008, under the joint leadership of Crédit Agricole SA's management and Professor Yunus, 2006 Nobel Peace Prize winner and founder of Grameen Bank, the Grameen Crédit Agricole SA Foundation is a multi-sector operator that contributes to the fight against poverty through financial inclusion and social impact entrepreneurship. As an investor, lender, technical assistance coordinator, and fund advisor, the Foundation supports microfinance institutions and social enterprises in nearly 40 countries.