ADVANS S.A. SICAR (FMO-54731)

Regions
  • Europe and Central Asia
Where the impacts of the investment may be experienced.
Countries
  • Luxembourg
Where the impacts of the investment may be experienced.
Financial Institutions
  • Netherlands Development Finance Company (FMO)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
C
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
Advans Group
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 3.36 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR 2.90 MLN
Converted using 2018-10-15 exchange rate.
Loan Amount (USD)
$ 3.36 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR 2.90 MLN
Converted using 2018-10-15 exchange rate.
Primary Source

Original disclosure @ FMO website

Disclosed by Bank Oct 15, 2018


Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description

According to FMO website, through this investment FMO wants to strengthen its shareholding in the Advans Group and further support the company in the markets it is active in. FMO supports the Advans Group in order to support 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.

Investment Description
  • Netherlands Development Finance Company (FMO)
Private Actors

The Advans Group is a leading international microfinance group, currently serving clients in nine countries: Cambodia, Cameroon, Ghana, Democratic Republic of Congo, Cote d'Ivoire, Pakistan, Nigeria, Tunisia and Myanmar.

Advans Group is a venture capital investment arm of Horus Development Finance. The firm invests in the form of equity, loans, and guarantees.

Contact Information

No contact information provided at the time of disclosure. 

ACCOUNTABILITY MECHANISM OF FMO

Communities who believe they will be negatively affected by a project funded by the Dutch Development Bank (FMO) may be able to file a complaint with the Independent Complaints Mechanism, which is the joint independent accountability mechanism of the Dutch Development Bank (FMO) and the German Investment Corporation (KfW) . A complaint can be filed in writing, by email, post, or online. The complaint can be filed in English or any other language of the complainant. The Independent Complaints Mechanism is comprised of a three-member Independent Expert Panel and it can provide either problem-solving, compliance review or both, in either order. Additional information about this accountability mechanism, including a guide and template for filing a complaint, can be found at: https://www.fmo.nl/independent-complaints-mechanism