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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

    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

    Comments

    Disclaimer

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

    General enquiries and comments

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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.
    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 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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