Advans Côte d'Ivoire, a microfinance institution part of the Advans group, has obtained a subordinated loan of 2.3 million euros from the IDH Farmfit Fund, a public-private fund focused on impact and support for small producers.

Advans Côte d'Ivoire provides financial services to small businesses and individuals in developing countries. With this funding, IDH Farmfit fund aims to support Advans' mission, which consists in reaching up to 500,000 small agricultural producers in Côte d'Ivoire. Unlike other microfinance institutions, Advans is distinguished by its unique model consisting in financing small producers directly or indirectly (via cooperatives). The loan granted by the IDH Farmfit fund will mainly be used to finance the cocoa sector, but also other crops, thus contributing to the diversification of income sources for cocoa producers. It will support value chains considered risky by financial institutions, thus opening up new growth opportunities for small producers. In addition, this loan reinforces Advans' ability to finance its entire portfolio and to further contribute to access to credit for small producers