Reference:
20140202
Release date: 12 June 2014
Release date: 12 June 2014
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
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
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).