Advans Nigeria, an international microfinance bank in the pursuit of financial inclusion, has achieved remarkable success in empowering businesses and individuals across Nigeria.
With its commitment to business impact and opportunity, Advans La Fayette Microfinance Bank said it has revolutionised the financial landscape, providing access to essential and affordable products and services that cater to its clients’ diverse needs.
In a recent survey conducted by 60 Decibels, an independent global research agency, Advans Nigeria exceeded global benchmarks in key performance areas, solidifying its position as a pioneer in driving regional financial inclusion.
On the business front, the survey showed that 48 percent of Advans Nigeria’s clients reported a substantial increase in income, surpassing the benchmark of 22 percent.
Additionally, 31 percent of clients noted a significant expansion of their workforce, outperforming the benchmark of eight percent, further demonstrating the positive ripple effect of Advans Nigeria’s interventions.
An astounding 76 percent of respondents found loan repayments to be effortlessly manageable, surpassing the benchmark of 65 percent. This achievement, according to the lender, highlights the organisation’s dedication to ensuring financial solutions that are sustainable and tailored to clients’ needs.
Moreover, 92 percent of clients reported that their standard of living remained uncompromised while meeting loan obligations, surpassing the benchmark of 79 percent.
The survey also revealed that over half of the respondents (51 percent) reported significant improvements in financial management, surpassing the benchmark of 22 percent.
Speaking about these achievements, Gaëtan Debuchy, Managing Director/CEO at Advans Nigeria, expressed pride in the organisation’s impact and its commitment to financial inclusion.
He stated, “Advans Nigeria remains dedicated to empowering businesses and individuals in Nigeria. We invite MSMEs to experience the power of opportunity by partnering with us today. Together, we can drive progress and empower lives.”
Additionally, 44 percent of clients said they experienced substantial growth in their savings, exceeding the benchmark of 14 percent, while 45 percent noted improved readiness to handle emergency expenses, surpassing the benchmark of 19 percent.
Advans Nigeria’s success is underpinned by its innovative use of technology, which enables it to deliver financial services responsibly and sustainably to individuals and businesses nationwide.
Leveraging cutting-edge tools and platforms, Advans Nigeria said it ensures convenience, security and efficiency for its clients, further enhancing the overall customer experience.
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