Advans La Fayette MFB unveils student loans to support school owners, parents –

Advans La Fayette MFB Limited, a leading microfinance bank that supports small businesses and a member of the Advans Group, on Tuesday launched education loan products to help school owners and parents respectively run their schools and pay tuition with ease.

The new products according to a press release signed by the marketing and communication manager of the firm, Kayode Abraham are AdvanBoost, made up of Advans School Boost and Advans Eduloan. Advans School Boost is designed to provide working and investment capital to school owners, while AdvansEduloan helps parents easily pay for their children’s school fees.

The third product is the Advans Kiddies, which is a high-yield savings account to help parents save for their children’s future while earning interest.

In his welcome remarks at the launch and stakeholder engagement event held at Shoregate Hotels, Ikeja, Lagos; Managing Director of Advans La Fayette MFB Limited, Gaëtan Debuchy, said: “We have recognized that lack of funding is one of the greatest scourges in education.

He recounted that the Bank was emboldened that investing in quality education pays the best dividend, therefore, created these products to offer solutions to the challenge, noting that as a premier microfinance bank plan, the financial institution is focused on providing premium financial services to our customers.”

Speaking at the event, Advans La Fayette MFB Project Manager, Fanny Belhomme said, “Advans School Boost enables school owners to access loans of up to N75 million to cover school expenses. school. The loan has a very competitive interest rate, a flexible repayment plan and no hidden fees.

“Parents can access up to N500,000 with AdvansEduloan to pay for their children’s school fees. The loan is easy to access, with a low interest rate and flexible repayment plans,” she added.

The company’s director of marketing and communications, Abraham, said, “The process to access student loans is neither rigorous nor intimidating.

He ordered the plaintiff to simply visit the website: complete the application form and receive the funds immediately, if eligible. »

Advans Nigeria is a member of the 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, Ivory Coast, Pakistan, Nigeria , Tunisia and Myanmar. For more than 15 years, the bank has offered a full range of financial services that has helped create more than 4 million small businesses.

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