Advans vision is to build a model group of financial institutions which contribute to strengthening local businesses, creating and sustaining jobs and improving clients’ living standards in order to foster private sector-led economic and social development in Africa, the Middle-East and Asia.
It's mission is to respond to the need for financial services of Micro, Small and Medium-sized Enterprises (MSMEs) and other populations who have ill-adapted, limited or no access to formal financial services through providing tailored financial services in a sustainable and responsible manner.
Advans SA SICAR (Advans) is a Luxembourg-based investment company established in 2005 by Advans International (formerly Horus Development Finance) and several Development Finance Institutions. Its current shareholders are the European Investment Bank (EIB), the Netherlands Development Finance Company (FMO), CDC Group Plc. (CDC), the International Finance Corporation (IFC), KfW Development bank (KfW) and FISEA (AFD Group).
The Advans group is active in ten countries in Africa and Asia: Cambodia, Cameroon, Ghana, Democratic Republic of Congo, Tanzania, Côte d’Ivoire, Nigeria, Pakistan, and Tunisia. Operations will begin in Myanmar in 2017. At December 2016 the group had over 730,000 clients and more than 6,200 staff with EUR 690 million in outstanding loans and a total deposit portfolio of over EUR 350 million.
