Advans La Fayette MFB Unveils Education Loans

Nume Ekeghe

Advans La Fayette MFB Limited, a leading microfinance bank supporting small businesses, and a member of Advans Group has 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 in Lagos recently, 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. 

The Marketing and Communication Manager, Advans La Fayette MFB, Kayode Abraham further added: “The process of accessing the education loans is neither rigorous nor daunting. Simply visit our website to complete the application form and receive the funds immediately, if eligible.”