Advans offers savings, loans, payments and insurance services to informal micro and semi-formal SME clientele looking for financial support to grow their businesses. The distinction between micro and SME customers is related to the level of formalization and number of employees (>6 for SME)
The growth in loan portfolio will be fully directed towards small MSME’s with an average loan amount of EUR 4.4k.
The growth in loan portfolio will be fully directed towards small MSME’s with an average loan amount of EUR 4.4k.
Inclusive growth is very high on the Ivorian government’s agenda and listed as one of its top priorities according to the IMF. Advans deliberately focuses on segments which suffer from a lack of market coverage.
Advans’ mission is to provide access to financial services for underserved individuals and micro-enterprises.
Advans aims to approach specific underserved niches in the market (such as agriculture) and designs its products to become attractive to those prospects, which are usually hard to reach.
Location: Côte d'Ivoire, Abidjan