Advans

Type| Private
Industry| Microfinance
Founded| 2005; 17 years ago (2005)
Headquarters| Luxembourg
Products|

* Loans
* Savings
* Consumer Banking

Number of employees

| 6,400 (2018)
Website| advansgroup.com

Advans SA is a microfinance bank based in Luxembourg active in a number of developing countries.[1] It was established in 2005.[1]

## History[edit]

Advans SA launched Advans Côte d'Ivoire In March 2012[2] and Advans Tunisia in 2013.[3]

In March 2018, Advans SA introduced a new logo.[4] In September 2019, Gaëtan Debuchy was appointed Managing Director/CEO of the bank, and Obinna Ukachukwu Deputy/CEO.[5]

## Description[edit]

The organisation is supported by a number of European government development banks that include Netherlands Development Finance Company, European Investment Bank, International Finance Corporation, UK governments CDC Group and the German government KfW.

It is active in Pakistan,[6] Democratic Republic of Congo, Cambodia,[7] Cameroon, Ghana,[8] Nigeria, Tunisia and Myanmar.

## References[edit]

1. ^ a b "Advans Group: About us". www.advansgroup.com.
2. ^ D’IVOIRE, ADVANS COTE. "Advans Côte d'Ivoire célèbre son 5e anniversaire". Agence Ecofin (in French). Retrieved 2021-05-17.
3. ^ ridha. "Création bientôt d'Advans Tunisie pour relancer la microfinance". Kapitalis, le portail d'informations sur la Tunisie et le Maghreb Arabe (in French). Retrieved 2021-05-17.
4. ^ ADVANS. "Advans présente son nouveau logo et affirme son engagement aux côtés des petites entreprises". Agence Ecofin (in French). Retrieved 2021-05-17.
5. ^ "Advans La Fayette Microfinance Bank gets a new Management team". Nairametrics. 2019-09-27. Retrieved 2021-05-17.
6. ^ Webmaster (13 April 2018). "Advans Bank pledges to continue supporting Pak entrepreneurs - PakObserver". Archived from the original on 26 May 2018. Retrieved 26 May 2018.
7. ^ O’Byrne, Brendan (30 April 2018). "Amret to get $40 million from IFC to expand microfinance loan portfolio".
8. ^ "Advans Ghana launches "Hero" campaign - citifmonline.com". 8 May 2016.

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