La Fayette Microfinance Bank Limited will join Cameroon, Ghana, Democratic Republic of Congo, Tanzania, Cambodia and Ivory Coast as member of Advans group network. Advans SA SICAR was created in 2005 by Horus Development Finance together with several development financial institutions: IFC, FMO, KFW, CDC, EIB, AFD Group. The Advans group has 2.600 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).
Within 5 years, La Fayette Microfinance 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.
If you are interested in joining us, we invite you
Job Description:
To provide Orbit technical support to Branches of La Fayette MFBTo provide support in writing and updating operational procedures.Together with team members; to be in charge of the management and the respect of operational procedures of Advans La Fayette.To support in supervising the management of errors and corrections in the databases.To be an active member the Head Office Operations Department.Essential Requirements
Degree, Higher National Diploma (preferably in Sciences, Engineering)Good relationship and communication skills, strong team spiritPractical knowledge of operations in a banking sectorVery good Excel SkillsReal motivation to work and grow in a challenging environmentKnowledge of microfinance bank sectorWriting skillsKnowledge of local languages especially Yoruba