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ADVANS SA SICAR III

Signature(s)

Amount
€ 4,513,000
Sector(s)
Services : € 4,513,000
Signature date(s)
30/09/2014 : € 4,513,000
Link to source
Data sheet
ADVANS SA SICAR III
Other links
Summary sheet
ADVANS SA SICAR III

Summary sheet

Release date
12 June 2014
Status
Reference
Signed | 30/09/2014
20140202
Project name
Promoter - financial intermediary
ADVANS SA SICAR III
Horus Development Finance, a French specialised company offering a comprehensive range of services to professionalise microfinance, rural finance and SME finance in developing countries.
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 5 million
EUR 20 million
Location
Sector(s)
Description
Objectives

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

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).

Environmental aspects
Procurement

N/A

N/a

Link to source
Summary sheet
ADVANS SA SICAR III
Other links
Data sheet
ADVANS SA SICAR III

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

General enquiries and comments

The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

Zero tolerance against fraud and corruption

The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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