ADVANS SA SICAR III

Promoter – Financial Intermediary

Horus Development Finance, a French specialised company offering a comprehensive range of services to professionalise microfinance, rural finance and SME finance in developing countries.

Location

• Africa, Caribbean and Pacific

Description

Participation in the capital increase of Advans SA Sicar, a microfinance holding company based in Luxembourg

Objectives

The proposed operation will support the growth and development of the existing Advans network of affiliates as well as the setting up of new greenfield microfinance institutions (MFIs).

Comments

Sector(s)

• Services - Financial and insurance activities

Proposed EIB finance (Approximate amount)

EUR 5 million

Total cost (Approximate amount)

EUR 20 million

Environmental aspects

N/A

Procurement

N/a

Status

Signed - 30/09/2014