Advans SA's shareholders

Horus Development Finance 

Horus Development Finance (Horus) is a consulting and technical assistance services company working in the microfinance sector and financing SMEs, in emerging and developing countries. Horus was created in 1994, initially to advise major donors and international financial institutions and provide technical assistance for non-governemental organizations or other entities operating savings and credit activities. After becoming one of the foremost consulting firms in microfinance, Horus gradually started managing capacity building projects and microfinance institutions.

Horus believes that microfinance institutions should not be dependent upon grants once they are past the creation phase, as these funds are limited. Profitable, efficiently-run organisations can offer financial services to their clients over the long term and therefore reach a greater number of people.

Thanks to its reputation in the microfinance community, among clients and partners with whom it had been working for several years, Horus was able to gather a prestigious group of co-investors to create Advans SA. As Advans SA's sponsor and manager, Horus is responsible for the day to day management of Advans SA. 

EIB

The European Investment Bank (EIB), created by the Treaty of Rome in 1958, is the European Union's long-term financing institution. The EIB contributes towards the integration, balanced development and economic and social cohesion of the Member Countries. Outside the Union the EIB implements the financial components of agreements concluded under European development aid and cooperation policies.

The EIB Group has a longstanding record in microfinance. Since 2000, it has supported Microfinance Institutions (MFIs), fund providers and other industry stakeholders in addressing specific market failures and promoting financing solutions for Micro, Small and Medium Enterprises (MSMEs) and low income self-employed.

Operations are financed from the EIB's own resources or under the European Union's mandates and use a combination of financial and non-financial instruments.

The EIB Group's microfinance activities are in three regions, Sub-Saharan African, Caribbean and Pacific countries (ACP region), Mediterranean partner countries and in Europe.

CDC

CDC Group plc (CDC) is the UK’s Development Finance Institution and is owned by the UK government’s Department for International Development. Established in 1948, CDC’s mission is to foster growth in sustainable businesses, helping to raise living standards in developing countries. CDC’s target is to make more than 75% of new investments in low income countries and to invest more than 50% of its funds in sub-Saharan Africa.

FMO

The Netherlands Development Finance Company (FMO) is the international development bank of the Netherlands. FMO is a public-private bank founded by the Dutch government and business community in 1970. The Dutch State holds 51% of its shares while the large Dutch banks retain 42%. The remaining 7% is held by employers’ associations, trade unions and some 100 Dutch companies and individual investors. FMO invests risk capital in companies and financial institutions in developing countries. FMO is one of the largest bilateral private sector development banks worldwide. Thanks in part to its relationship with the Dutch government, FMO is able to take risks which commercial financiers are not - or not yet - prepared to take.

FMO's mission: to create flourishing enterprises, which can serve as engines of sustainable growth in their countries.

 

IFC

IFC, a member of the World Bank Group, is the largest global development institution focused on the private sector in developing countries. IFC creates opportunity for people to escape poverty and improve their lives. IFC does so by providing financing to help businesses employ more people and supply essential services, by mobilizing capital from others, and by delivering advisory services to ensure sustainable development. 

FISEA

FISEA is an investment fund that takes equity participations in businesses, banks, microfinance institutions and investment funds operating in Sub-Saharan Africa. It is one of the key mechanisms of the French Initiative for Growth and Employment in Africa launched by the French President in February 2008. FISEA’s capital endowment was provided by Agence Française de Développement (AFD). AFD has been combating poverty and promoting development in South countries and Overseas France for over 60 years and implements the development policy defined by the French Government.

Project appraisal and management of FISEA has been entrusted to PROPARCO, AFD’s private sector investment arm.

FISEA aims to be complementary to traditional private funds and focuses on investments that carry a higher risk in unstable or post-crisis regions. It makes small investments in sectors that are traditionally neglected. The fund has a €50M annual investment target over a five-year period.

 

KfW

KfW Entwicklungsbank is part of the KfW Bankengruppe which is a promotional bank under the ownership of the Federal Republic of Germany (80%) and the Länder (federal states; 20%), it offers support to encourage sustainable improvement in economic, social, ecological living and business conditions.

KfW Entwicklungsbank is a competent and strategic advisor on current development issues. On behalf of the German Federal Government, KfW Entwicklungsbank finances reforms, infrastructure and financial systems for socially and ecologically compatible economic growth. It is a worldwide financing partner and also employs funds of its own for development projects.