PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

571187

Primary Business Area

Access To Finance

Disclosure Date

Sep 18, 2012

Country

Cote D'Ivoire

Region

Africa

IFC Approval Date

May 29, 2012

Status

Completed

Estimated Total Budget

$1,090,000.00
(Project budget includes all project-funded activities)

Last Updated Date

Sep 30, 2022

Project Estimated End Date

Jun 30, 2016

Project Description

The project will assist ACI, a greenfield microfinance institution, in its start-up phase by providing advisory services, which will cover approximately 25 percent of the total cost of the broader assistance package aimed at supporting the creation and expansion of ACI. The microfinance institution will be sponsored by Advans SICAR, a microfinance holding company and IFC investee, and its technical partner, Horus Development Finance. Specifically, the project will assist ACI, through a performance-based grant, in establishing the internal management systems and training staff to provide roll-out cash flow-based individual loans to micro, small and medium enterprises and low-cost deposit services to the mass market.

Development Results