A leading international microfinance bank supporting small businesses and a member of Advans Group, Advans La Fayette MFB Limited has launched a new product, Advans Boost in Ibadan, the capital city of Oyo State.
The new product (Advans Boost), which had launched earlier in Lagos, comprising Advans School Boost and Advans Eduloan, was launched on Friday at Dilay Consult Event Centre, Obasanmi Olakanpo Street, Off Adeyi, Old Bodija, Ibadan.
Advans School Boost is designed to provide working and investment capital for school owners, while Advans Eduloan assists parents in paying their children’s school fees with ease. The third product is the Advans Kiddies, a high-yield savings account to help parents save towards their children’s education while still earning interest.
Speaking during the Advans Stakeholders’ Engagement forum, the Chief Finance Officer, Advans La Fayette MFB Limited, Elizabeth Odetayo, assured shareholders of its unwavering commitment to boosting the education sector and increasing the enrolment of kids in school with the introduction of education loan products to help school owners and parents to manage their schools and pay tuition fees with ease.
According to the CFO, “we recognised 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 sustainably and responsibly.”
In her remarks, the Project Manager, Advans La Fayette MFB, Fanny Belhomme, stated that the new product will enable the customers to have access to loans up to N75 million.
“We focus 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 be a full financial partner for our clients.”
The Marketing and Communication Manager, Advans La Fayette MFB, Kayode Abraham said that the management has created easy access to process the facility.
“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, which has 27 branches across Lagos, Oyo, Kwara States has offered a complete range of financial services that has helped build over four million small businesses.
Packaged by Kunle Gazali
