ADVANS NIGERIA

Created in June 2012 and formally incorporated as La Fayette Microfinance Bank Ltd, Advans Nigeria is the seventh greenfield of the Advans Network. Advans Nigeria’s objective is to target MSMEs in urban areas of Nigeria, where market studies have shown that only one in ten entrepreneurs has access to credit.

The bank started full operations in February 2013 and has built a strong client base, serving clients from five branch networks in Ibadan- Bodija, Challenge, Dugbe, Gbagi and Iwo road, all strategically situated within close proximity to customers. In the coming years, Advans Nigeria plans to continue its expansion to cover other regions of Oyo State, home to about 5.5 million inhabitants.

As an international registered microfinance bank, La Fayette Microfinance Bank offers a complete range of financial services and means of payment for its customers including savings accounts, current accounts and fixed deposit accounts. Fully client oriented, La Fayette Microfinance Bank offers great flexibility, independence and financial security to help clients stay committed to their short and long term financial goals.

Advans Loan Products

Advans loan products have been designed to adapt to the needs and situations of their growing customer base. Tailored to MSMEs and entrepreneurs, their loans are offered to an individual and group basis to allow for equal opportunity lending to their clients.

1. Advans Access

Benefits

• Loans for micro business owners.
• No need to save before getting a loan.
• Flexible repayment.
• Loan application to loan disbursement takes a maximum of 7 days.

2. Advans Together – Group Loan

Benefits

• Loans for micro businesses in groups.
• No need to save before getting a loan.
• Flexible repayment duration.
• No collateral required.
• Each group member guarantees the other for the loan.

3. Advans Further & Advans Business – SMEs & Entrepreneurs

Benefits

• Loans for individual business owners & SME’s.
• No need to save before getting a loan.
• Amount is determined according to your repayment capacity.
• Loan application to loan disbursement takes a maximum of 1 week.