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    Signature(s)

    Amount
    € 4,513,000
    Countries
    Sector(s)
    ACP States : € 4,513,000
    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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    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.
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