The Grameen Crédit Agricole Foundation reinforces the positive impact of Advans in favour of financial inclusion with a 4.5M USD loan
October 2018 (France) - The Grameen Crédit Agricole Foundation has granted a US $ 4.5 million loan to Advans Group, a leading international microfinance group created in 2005. With this new funding, the Foundation reaffirms its role as a committed actor to the benefit of institutions that target the unbanked and, thereby, reinforces its presence alongside the most important networks in the sector.
The Foundation, a microfinance sector expert
As an investor, funder and technical assistance coordinator, the Grameen Crédit Agricole Foundation has been supporting microfinance institutions (MFIs) and social business companies around the world for 10 years. With nearly € 65 million microfinance outstanding portfolio, it currently supports over 60 MFIs in around 30 countries.
Advans, a strategic partner for the Foundation
The Advans Group operates in nine countries: Cambodia, Cameroon, Ghana, Democratic Republic of Congo, Côte d'Ivoire, Pakistan, Nigeria, Tunisia and Myanmar, with over 800,000 clients. Advans' mission is to develop a microfinance institutions’ network in developing countries, able to facilitate the access of small entrepreneurs in economic vulnerable situations and their families to financial services.
The loan granted by the Grameen Crédit Agricole Foundation to the Advans Group testifies to the excellent relations between the two institutions and is at the core of a true strategic relationship and a sharing of the same values. It will strengthen Advans activities, particularly in the Democratic Republic of Congo where the Group is committed to entrepreneurship in urban and rural areas of the country.
As part of the Foundation's medium-term plan, this funding aims to strengthen its presence alongside major players in the sector, most of whom are working in rural areas.
Advans is a leading international microfinance group established in 2005. Its mission is to meet the financial services needs of small businesses and other economic agents who have inadequate, limited or no access to traditional financial services by offering them appropriate financial services in a sustainable and responsible manner.
For further information: https://www.advansgroup.com