Advans La Fayette Micro Finance Bank Limited, a part of the Advans Group and a microfinance bank that supports small companies, has created education loan solutions to help school owners and parents manage their schools and pay school fees with ease.
In a press release, the new offerings are known as Advans Boost, which includes Advans School Boost, Advans Eduloan, and Adavan Kiddies.
According to the statement, “Advans School Boost is meant to offer working and investment funds for school owners, while Advans Eduloan is aimed at assisting parents in paying their children’s school fees with ease.” The third product is Advans Kiddies, a high-yield savings account designed to help parents prepare for their children’s future while collecting interest.
In his own words during the launch and stakeholders’ engagement event in Lagos, Mr. Gatan Debuchy, Managing Director, Advans La Fayette MFB Limited, said, “We recognise that lack of financing is one of the main banes of education.” We are focused on offering quality financial services to our customers as a premier microfinance bank. We built these products to provide answers to the difficulty, inspired by the idea that great education pays off the best. “
Mr. Fanny Belhomme, the Project Manager of Advans La Fayette MFB, also states that the Advans School Boost loans offer a low-interest rate, a flexible payback schedule, and no hidden fees, which allows school owners to obtain loans up to N75 million to meet school needs.
