Legal structure and strategy
Advans SA SICAR (Advans SA), created in August 2005, is incorporated in Luxembourg as an investment company in venture capital and supervised by the CSSF, the Luxembourg financial sector regulator. Advans SA invests as majority shareholder in the creation of new financial institutions (greenfield MFIs), and also as lead investor in existing MFIs which have similar goals and wish to join the Advans Group. Advans invests alongside like-minded shareholders who have the same mission. Advans provides its affiliates with financial resources such as loans and guarantees to enable them to face short or medium term financial needs. As lead shareholder, Advans SA actively participates in the governance of its financial institutions.
Advans SA's shareholding structure combines the expertise of Advans International with the financial solidity of six Development Finance Institutions. These organisations have for many years been pivotal to the development of the microfinance sector.
Advans SA's Board of Directors is chiefly responsible for the overall management of Advans SA in accordance with the company's statutes and Luxembourg law. The Board is made up of qualified senior professionals with extensive experience and in-depth knowledge of financial services. Advans SA has also created committees to support the Board of Directors, the Audit and Risk Committee, and the HR and Governance Committee, a Social Performance Champion has also been nominated on the Board.