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.
Job Title: Financial Services Officer
Job Location: Ibadan, Oyo
Job Reference: ADV/NIG/FSO/SEP
Job Summary :
The Financial Services Officer is responsible for the sales of Advans financial services and the development of new services in accordance with identified needs. He/She is to ensure that the network has all the necessary means (competitive products, trainings, effective commercial actions e.t.c ) to reach the set targets.
Requirements:
A minimum of first degree in any field.
At least 3 years of marketing and operations experince in a commercial bank.
A passion for marketing.
Excellent project management skills
Good written and verbal communication skills with excellent interpersonal skills.
Ability to work with limited supervision and self-directed to achieve.
Good understanding of microfinance industry is an advantage.
How To Apply:
Deadline: 22 September 2014