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“Advans Côte d’Ivoire has been supporting small businesses with its diverse range of affordable financial services since 2012.”

Incofin cvso was proud to support the institution with financing and technical assistance starting in 2017 as it seeks to deliver its services to more rural and peri-urban areas around the country, as well as to increase convenience for its clients by developing “last mile” distribution through mobile phones and vendor agents. We are therefore pleased to align with Advans Côte d’Ivoire as it continues to advance its priority “client responsiveness” throughout the country.

Patrick Ball

Debt Investment Manager Africa

When I am on my bicycle, the only thing I can think about is work, because I know that I am going to harvest. Being a cocoa farmer is very hard. I have five children, and I want them to become something in life. That is my wish. That is the reason why I work hard in the fields, to pay for their school fees.

When I take my cocoa on my motorbike, I feel proud because I know I will get my money. When I arrive at the cooperative, they check the quality. When they give me my receipt, I am going to get my money. That is when I decide how much I want to save and how much cash I want to take home. With the Advans account my money is better kept. I don’t spend it impulsively anymore, because I don’t have all the cash on me. I manage better.

My dream is to get a new plot of land to make my plantation bigger. With the money I am saving I want to pay for my children’s education, so they can have a better life.

Lucien, 35 years

Advans Côte d’Ivoire

Advans Côte d’Ivoire began operations in 2012 and is a subsidiary of the Advans Group, an international microfinance group active in 9 countries, both in Africa and Asia. Advans Côte d’Ivoire aims to serve small businesses and other clients who have ill-adapted, limited or no access to financial services. The MFI micro, small and medium enterprises (“MSMEs”) across the country.

Advans Côte d’Ivoire is a trusted partner of Incofin cvso since 2017. The MFI aims to increase convenient, cost-effective financial inclusion, and improve access to a variety of MSME-oriented financial services. In 2018, Incofin cvso and Advans Côte d’Ivoire launched a Technical Assistance project on top of their investment in order to help reach the MFI’s financial inclusion goals. This project focuses on the development and further deployment of alternative delivery channels such as mobile banking and agency banking, to particularly increase the outreach to rural clients and smallholder farmers.

Key figures October 2019

  • Loan portfolio: €70.7 million
  • Number of active borrowers: 14.900
  • Percentage active clients in rural areas: 26%
  • Female borrowers: 27%

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