Any country's development was 20 years ago associated to the degree of modernisation and industrialisation generating its impact on society and economy. Actually considering the failure of such policy, a new approach is getting implemented by giving enfasis on the eradication of poverty. Ressources and finances are actually transferred and dedicated to the welfare of the people by direct investments to small business and entreprises, to informal business, street merchants, public market merchants and middle class people . Jusqu'à récemment le développpement d'un pays se référait aux programmes de modernisation des infrastructures et l'implantation de l'industrialisation. Ces programmes devraient entrainer dans leur sillage une transformation de la structure sociale et économique de ce pays. Malheureusement ces programmes n'ont pas généré les résultats escomptés. De nos jours une nouvelle approche se dessine en mettant l'accent sur la lute contre la pauvreté en investissant les ressources et les finances de ces programmes directement dans la lutte du bien-être social visant à dynamiser l'environnement économique traditionnel, à stabiliser le petit commerce.

samedi 13 novembre 2010

Advans SA Set to Open Microfinance Bank (MFB) Advans Bank Tanzania in December

Advans SA, a microfinance investment vehicle (MIV) registered in Luxembourg that mobilizes funds for microfinance institutions (MFIs), has announced that it has scheduled the opening of the first branch of its sixth microfinance bank (MFB), Advans Bank Tanzania, in Dar es Salaam in December of this year. Advans SA originally incorporated the MFI in July 2010 with initial investors including Advans SA as a majority shareholder and FMO (the Netherlands Development Finance Company) with a smaller stake. Advans Bank Tanzania will offer products such as microloans to small and medium-sized enterprises (SMEs), savings accounts in local and foreign currencies and money transfers. Advans Bank Tanzania has an initial capital of TZS 7.2 billion (USD 4.7 million) [1].
About Advans SA: Advans Group was created by Horus Development Finance of France with backing from Agence Francaise de Developpement (AFD), European Investment Bank (EIB), Nederlandse Financierings-Maatschappijvoor Ontwikkelingslanden N.V. (FMO), International Finance Corporation (IFC) and KfW Entwicklungsbank (KfW). Advans Group aims to create new microfinance institutions (MFIs) by investing as lead shareholder. LuxFLAG, an organization that certifies that microfinance vehicles actually invest in the microfinance sector, most recently certified Advans Group as of April 2010. Advans Group reported total assets of USD 15 million as of 2009.
http://www.microcapital.org/microcapital-brief-advans-sa-set-to-open-microfinance-bank-mfb-advans-bank-tanzania-in-december-2010/

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