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Signature(s)

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

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
Other links

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).

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Alternatively, the EIB can be contacted through its external offices.
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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 Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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