Our beliefs and values

 

In the years to come, we will exploit the full potential of our existing subsidiaries to position them as the preferred financial partner for small businesses in our markets.

Our vision

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Building a network of leading financial institutions contributing to the growth of local businesses, the creation and maintenance of jobs, and the improvement of the standard of living of customers to promote economic and social development in Africa, the Middle East, and Asia.

Our mission

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Meet the financial service needs of small businesses and other economic agents who have inadequate, limited, or non-existent access to traditional financial services, by offering them adapted financial services sustainably and responsibly.

Our values

Open

to all

We believe that everyone has the right to opportunity. We open our doors to those who are underserved by the traditional financial sector by offering them adapted, simple and accessible financial services to realize their projects. We offer opportunities to all our employees, based solely on their merit, without any discrimination.

Engaged

to have a lasting positive impact

We are committed to providing quality service, in a responsible and professional manner. We work to build a better future for our customers and our employees and more generally for the communities in which we work.

Entrepreneurial

in what we do

We encourage the entrepreneurial spirit of our customers and employees. We support their determination to succeed, their ability to transform obstacles into opportunities, to push the limits, and to take initiative individually and collectively.

Innovative

in our approach

We develop our collective creativity to effectively respond to the needs of our customers and find innovative solutions to the challenges posed by our mission. We evaluate, test, and rework our solutions to keep them customer-centric.

Advans in a few dates

1990 – Creation of Horus

Horus provides services in the field of development financing via short-term consulting missions to donors, governments, and financial institutions (banks and MFIs). An expert in microfinance and SME financing, Horus will gradually be asked to also provide longer-term technical assistance to microfinance programs and financial institutions.

2005 – Creation of Advans

In 2005, HORUS Development Finance created an investment company, Advans SA SICAR, to create microfinance institutions and invest in existing institutions sharing the same values.

2022 – Launch of Air+

Air+ is Advans’ digital transformation program aimed at replacing current IT systems and solutions while adopting harmonized and standardized processes. The objective is to transform the way our subsidiaries work by providing employees with digital and collaborative tools in their daily work and their customer relations to obtain better management of activities and improved productivity through a model central standardized across the Advans group.

2022 awards

Advans rewarded for its commitment to the empowerment of women and entrepreneurs.
ADVANS NIGERIA

Bank and Other Financial Institution Award (BAFI) for Microfinance Bank of the Year as well as 6 other awards.

ADVANS GHANA

Ghana Business Awards 2022 for Savings and Loan Institution of the Year plus 6 other awards.

AMRET

Best Financial Institution Award for Women’s Economic Empowerment as well as 3 other awards.

ADVANS PAKISTAN

CEO Club Pakistan for the Best Managing Director Award along with 2 other awards.

Board of Directors

The Advans Board of Directors is composed of experts with solid experience in the financial services sector and is responsible for the governance of Advans SA by its statutes and Luxembourg law. Advans SA has also created committees to support the board of directors: the Audit and Risks Committee, and the Human Resources and Governance Committee. A Social Performance manager has also been appointed to the Council.

Eelko Bronkhorst

Chairman of the Board of Directors

Claude Falgon

Gail Buyske

Hervé Schricke

Kate Hallam

Bernard Pasquier

Harry Schoon

Erik Bosman

Executive Committee

Advans Group support services are based at Advans International in Paris. Strong business lines and group departments have been created to guide and support the development of the subsidiaries. Advans International supports, supervises, and sets standards for the group by providing subsidiaries with advice, resources, and expertise.

Steven Duchatelle

DG

Paulin Alazard

Finance

Gaël Briot

Organization

Brieuc Cardon

Business Development

Laurent Clauser

Risks and audit

Amanda Hannan

Investment

Estelle Darie-Rousseaux

Strategic transformation

Olivier Pastorelli

MIS

Legal structure and strategy

Advans SA is an investment company registered in Luxembourg, created in 2005, and supervised by the CSSF. Advans SA invests in the creation of new microfinance institutions, alongside co-shareholders sharing the same missions, as a majority shareholder, or intervenes, as a main shareholder, in existing MFIs that share the same objectives. Investing for the long term, Advans SA not only provides capital to its subsidiaries but also offers them financial resources such as loans and guarantees to enable them to meet their financial needs. As the main shareholder, Advans SA actively participates in the governance of its financial institutions.
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Reference stakeholders

 

Advans SA’s shareholding combines the technical expertise of Advans International with the financial strength of six development institutions. These organizations have been, for many years, essential to the development of the microfinance sector.

FMO – 20,02%

FMO is a Dutch development bank that works to empower entrepreneurs to deliver better lives for people in more than 85 countries. It seeks to generate employment and income, promote transparency, and prioritize social and environmental responsibility while achieving the 17 United Nations Sustainable Development Goals.

EIB – 16,63%

The EIB, established in 1958, works with other European institutions to promote European coordination and support European policies across the world regarding climate and environment, cohesion, innovation, digital and human capital, small and medium-sized businesses, sustainable cities and regions, renewable energies, and natural resources.

IFC – 16%

IFC is the largest global development institution focused on the private sector in developing countries. It works to boost economic development and deliver better lives for people by creating new markets, mobilizing other investors, and sharing expertise to end extreme poverty and boost prosperity.

AFD – 15%

The French Development Agency (AFD) works for a fairer and more sustainable world. It manages more than 4,200 projects with a focus on climate, biodiversity, peace, education, urban development, health and governance. AFD intends to help France and the French people achieve sustainable development objectives.

BII – 13,06%

The BII is a UK development finance institution that has been operating for 70 years. It invests in green infrastructure, technology, and other sectors in Africa, Asia, and the Caribbean to build more productive, sustainable, and inclusive economies. It is associated with more than 1,000 companies in emerging economies and is a key partner for vulnerable populations facing the climate emergency.

KFW – 12,8%

KFW is an experienced bank and development organization that finances programs and projects involving public actors in developing countries and emerging economies. It works to help partner countries in the fight against poverty, maintaining peace, protecting the environment and climate, and shaping globalization.

Advans Invest – 7,18%

With Advans Invest, current and past employees of Advans SA participate in the development of the institution.