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Advans Banque Congo

Sector: Commercial • Location: Congo, Democratic Republic of

Source: International Finance Corporation (IFC)

Project
Completed

_x000C_The project consists of a senior loan, an equity investment and a technical assistance funding for the establishment and expansion of Advans Banque Congo. Advans Banque Congo (or the Bank) will be a greenfield microfinance bank sponsored by Advans S.A. SICAR (Advans), an investment company, and Horus Development Finance, an associated French consulting firm with recognized expertise in mic

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The project “Advans Banque Congo” is an infrastructure initiative in the Commercial sector, located in Congo, Democratic Republic of. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

Sponsoring Agency

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Company

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Status

Original status

completed

Taiyo status

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Taiyo last update

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Email

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Address

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Description

Description

_x000C_The project consists of a senior loan, an equity investment and a technical assistance funding for the establishment and expansion of Advans Banque Congo. Advans Banque Congo (or the Bank) will be a greenfield microfinance bank sponsored by Advans S.A. SICAR (Advans), an investment company, and Horus Development Finance, an associated French consulting firm with recognized expertise in microfinance. The Bank will specialize in providing a broad range of financial services to urban and semi-urban micro and small enterprises as well as low income groups and individuals in the Democratic Republic of Congo. It is expected that after five years the Bank will have nine branches and a loan portfolio of $27 million, comprising 20,000 customers. The purpose of the project is to expand crucial financial services to a sector that rarely has access to services offered by formal financial institutions.

Original sub-sector

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Original Currency

USD

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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Article Published Date

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