Posted on :
30 May, 2012
30 May, 2012
La Fayette Microfinance Bank Limited is the 8th affiliate of the Group Advans SA created by Horus Development Finance, and several international investors (IFC, FMO, KFW, CDC, EIB, AFD). The Advans Group has 2600 employees throughout the world, and almost 320,000 clients.
La Fayette Microfinance Bank recently received the Approval-in-Principle from the Central Bank of Nigeria to carry out microfinance services in Oyo State. La Fayette MFB will be headquartered in Ibadan, the State’s capital. The Company will be incorporated in June 2012 and is expected to start operations in December 2012. La Fayette’s lead shareholder will be Advans S.A. with an equity investment of $3.1 million (501.0 million naira). IFC and KfW are each investing $1.1 million (174.5 million naira), while FMO is investing $940,000 (150.0 million naira).
The ambition of La Fayette Microfinance Bank Limited is to contribute to professionalization of the microfinance sector in Nigeria by offering high-standard loans and financial services.
Within 5 years, La Fayette Microfiance Bank will reach 19,900 active loans in year 5, for a EUR 17.6 million gross loan portfolio, and slightly less than 40,000 voluntary deposits, representing a total of EUR 5.3 million. There will be a total of 400 staff at the end of year 5; 349 in the branch network, and 51 at head-office. Loan officers will account for 43% of total staff.
Note: Click on the Job Title to view details
|Market surveyors||Ibadan, Oyo, Nigeria|
|Human Ressource Assistant||Ibadan, Oyo, Nigeria|
|Accountant||Ibadan, Oyo, Nigeria|
|Logistics clerk||Ibadan, Oyo, Nigeria|
|Assistant – Operations Department||Ibadan, Oyo, Nigeria|
|Domain manager||Ibadan, Oyo, Nigeria|
|Systems and network administrator||Ibadan, Oyo, Nigeria|
|Information System Administrators||Ibadan, Oyo, Nigeria|
|Information Technology Manager||Ibadan, Oyo, Nigeria|
|Chief Financial Officer||Ibadan, Oyo, Nigeria|
|Tellers||Ibadan, Oyo, Nigeria|
|Client Officers / Client Assistants||Ibadan, Oyo, Nigeria|