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Advans La Fayette Microfinance Bank Opens Branch in Lagos

 

AdAdvans La Fayette Microfinance Bank has extended its footprint to Lagos, as it opened its first branch in the commercial hub of Nigeria.

This move, according to the Managing Director of the bank, Guillaume Valence, is to support Small and Medium Enterprises (SMEs) and ensure more Nigerians benefit from its financial products.

Speaking on the expansion, Valence said, “Micro, Small and Medium Enterprises are the major contributors to growth and economic development as well as the first employer in Nigeria. However, they still lack both the necessary business and financial support to develop their activities. By supporting this population, Advans-La Fayette MFB is contributing to the national objective to reduce financial exclusion rate to 20% by 2020.”

According to reports, as a member of the Advans Group, La Fayette was licenced as a financial institution by CBN in 2012 and started offering a complete range of financial services and means of payment for its customers including savings accounts, current accounts, and fixed deposit accounts.

Sanson Oyedeyi

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