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Leading microfinance bank, Advans La Fayette MFB Limited, a member of Advans Group, yesterday, unveiled education loan products to assist school owners and parents to run their schools and pay school fees with ease. The new products are Advans Boost, comprising of Advans School Boost and Advans Eduloan.
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.”
With Advans School Boost, Parents can access up to N500,000 with the Advans Eduloan, to pay their children’s school fees and school owners can access up to N75 million to cover school expenses.
The loan is easy to access, with a low-interest rate and flexible repayment plans.