Region and country of operations: International
Jurisdiction of registration: Luxemburg
Business sector: Microfinance
Date of agreement (month/year): 12/2019
Finnfund’s financing: EUR 10,000,000
Share of Finnfund’s financing: 40%
Size of project/financing: EUR 25,000,000
Environmental and social category: B+
The Advans Group is a leading international microfinance group, currently serving about 800,000 clients with the staff close to 7,500 employees in nine countries. Advans has established its operations as greenfields apart from Cambodia. The company targets developing markets where clients are lacking adequate access to financial services and where there is high potential for growth and creation of social value.
Main development impact
Advans serves clients who lack access to financial services and increasingly focuses on providing finance to small businesses in rural areas and agriculture value chains. The company targets small businesses with growth opportunities helping them create and sustain jobs and improve profitability. Investment promotes formal economy by supporting graduation of its small business clients to the formal sector. In addition, the company contributes to the local knowledge base creation by recruiting relatively inexperienced recent graduates and training them in-house. The project is classified as gender project fulfilling the 2X Challenge criteria.