Advans La Fayette MFB Boosts Education Sector with New Products

L-R: Advans La Fayette Microfinance Bank, Project Manager, Fanny Belhomme; Head of Sales, Ademarati Olusayo; Chief Finance Officer/Head of Operation, Elizabeth Odetayo; Chief HR Officer, Tolulope Nwanguma and Area Manager, Ibadan, Abimbola, during the launch of Advans Educational Loan Products in Ibadan on Friday.

Advans La Fayette MFB Limited; a leading international microfinance bank supporting small businesses, and a member of Advans Group, today assured shareholders of its unwavering commitment to boost the education sector and increase enrolment of kids in school with the introduction of education loan products to help school owners and parents manage their schools and pay tuition fees with ease.

The new products which were launched earlier in the week in Lagos are Advans Boost, comprising of Advans School Boost and Advans Eduloan. Advans School Boost is designed to provide working and investment capital for school owners while Advans Eduloan is to assist parents to pay their children’s school fees with ease. The third product is the Advans Kiddies, which is a high-yield savings account to help parents save towards the education of their children while still earning interest.

In his welcome remarks at the Advans Stakeholders’ Engagement forum held in Ibadan, the Managing Director, Advans La Fayette MFB Limited, Gaëtan Debuchy, said, “We recognized that lack of finance is one of the biggest banes of education. Emboldened by the fact that investment in quality education yields the best dividend, we created these products to offer solutions to the challenge. As a leading international microfinance bank, our mission is to provide client centric financial services to retailers, wholesalers, SMEs and individuals in a sustainable and responsible manner.”

Speaking at the event, the Project Manager, Advans La Fayette MFB, Fanny Belhomme, said, “We are focused on providing premium financial services to our customers. Advans School Boost allows school owners to access loans up to 75 million Naira to cover school expenses. Parents can also access up to N500,000 with the Advans Eduloan, to pay their children’s school fees. These loans are easy to access, with a competitive interest rate, flexible repayment plans and no hidden costs. Our vision is to be the most client centric Microfinance and to be a full financial partner for our clients.”

Kayode Abraham, the Marketing and Communication Manager, Advans La Fayette MFB, said, “The process of accessing the education loans is neither rigorous nor daunting. Interested parties can visit our website: www.advansnigeria.com to complete the application form and receive the funds immediately, if eligible.”

Advans Nigeria is a member of Advans Group; a leading international microfinance group currently serving over 1.1 million clients in ten countries including Cambodia, Cameroon, Ghana, Democratic Republic of Congo, Cote d'Ivoire, Pakistan, Nigeria, Tunisia and Myanmar. For more than 15 years, the bank has offered a complete range of financial services that has helped build over 4 million small businesses.

June 10, 2022