leading microfinance bank supporting small businesses, and a member of Advans
Group, on Tuesday, May 17, 2022 launched education loan products to assist
school owners and parents respectively to run their schools and pay school fees
with ease.
The
new products 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 future of their children while still earning interest.
In
his welcome remarks at the launch and Stakeholders’ Engagement event held at the
Shoregate Hotels, Ikeja, Lagos; 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 microfinance bank, we are focused on
providing premium financial services to our customers.”
Speaking
at the event, the Project Manager, Advans La Fayette MFB, Fanny Belhomme, said,
“Advans School Boost allows school owners to access loans up to 75 million
Naira to cover school expenses. The loan has a very competitive interest rate,
a flexible repayment plan and no hidden costs.
“Parents
can access up to N500,000 with the Advans Eduloan, to pay their children’s
school fees. The loan is easy to access, with a low-interest rate and flexible
repayment plans”, she added.
The Marketing and Communication
Manager, Advans La Fayette MFB, Kayode Abraham, said, “The process of accessing
the education loans is neither rigorous nor daunting. Simply 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 10 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.
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