Shareholders

Advans Côte d'Ivoire was incorporated in July 2009 with Advans SA as the main shareholder. FMO, FISEA and SGBCI entered the capital of the institution in October 2010 at the occasion of a first capital increase. Another capital increase was carried out in April 2012 when IFC joined the shareholding.

Advans SA

Advans SA was created by Horus Development Finance and development financial institutions FISEA (AFD Group), CDC, EIB, FMO, IFC and KfW.

Advans SA's mission is to build a network of financial institutions in developing and emerging countries offering loans, deposits and other standard financial services to micro, small and medium sized enterprises which have limited or no access to formal banking services.

FMO

FMO (the Netherlands Development Finance Company) is the international development bank of the Netherlands. 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.

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.

SGBCI

SGBCI (Société Générale de Banques en Côte d’Ivoire) is an affiliate of the Société Générale Group, one of the largest banking groups in the world. Present for the past 50 years in Côte d’Ivoire, SGBCI is the leading bank in the country, employing 900 people and managing a network of 50 branches. SGBCI is also active in the financial market through two of its affiliates, Sogebourse, licensed as an Asset Manager and Broker (Société de Gestion et d’Intermédiation), and Sogerspar, licensed as a Mutual Fund Manager (Société de Gestion d’OPCVM).

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.