Advans Group

In brief

The Advans Group is a leading international microfinance group, serving about 800,000 clients with a staff of close to 7,500 employees in nine countries. Advans has established its operations as greenfields apart from Cambodia. The company targets developing markets where clients need more access to financial services and where there is high potential for growth and social value creation.

Main development impact

The Tier II funding strengthens Access Bank's capacity to expand on-lending activity to MSME businesses and support the sector in need of funding. Access Bank has a well-fitting strategy and can execute it to serve the MSME segment in Nigeria, where the young population needs jobs and sustainability.

Investment details

Name: Advans Group
Project number: 80000003
Region: International
Country: International
Sector: Financial institution
Signing date (month/year): December 2019
Currency: EUR
Finnfund's financing (commitment): 10,000,000
Instrument: Loan
Size of the project financing: EUR 25,000,000
Share of Finnfund's financing (%): 40 %
Status: Active
Website: www.advansgroup.com

Please note, that in principle, this information is given at the time of signature according to Finnfund's disclosure policy. However, in the case of investment funds, the share of Finnfund’s financing (%) is disclosed after the fund’s final closing, and information on the portfolio companies financed by the fund is updated at least once a year.

Other investments

Name Country Signing date (month/year) Currency Finnfund's financing (commitment) Instrument
Advans Group International September 2023 EUR 8,000,000 Loan
December

Key facts

Name:

Advans Group

Sector:

Financial institution

Region:

International

Country:

International

Currency:

EUR

Finnfund's financing (commitment):

10,000,000

Signing date (month/year):

December 2019

Last update:

March 2020