New products and services:
With the objective of satisfying the needs of its clientele, Advans Cameroun continued broadening its range of products and services. Since February 2010, branches are opened on Saturdays and holydays. Innovative products were designed, either to support clients in the realization of a specific project (Advans Project Account), or to facilitate the use of deposit accounts, in particular thanks to internal checkbooks, operations notices on deposit accounts or installment notices by SMS. In the coming weeks, Advans Cameroun will introduce electronic means of payment, as well as on-site collection of deposits.
Signing of a financing convention with AFD:
The signing of a double financing convention with the Agence Française de Développement (AFD) on the 24 June 2010 contributed to the efforts deployed by Advans Cameroun to serve the market of Small and Medium Enterprises (SME) in Cameroon. Advans Cameroon was granted a FCFA 377 million (EUR 575,000) subvention allocated to finance the adaptation of its products and organization to the SME market segment, as well as to the provision of non-financial services to SMEs. In addition, to support the growth of Advans Cameroun’s loan portfolio, the AFD granted its ARIZ guarantee to a refinancing loan contracted by Advans Cameroun, as well as to loans offered by Advans Cameroun to some of its SME clients.