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 position: Loan/Deposit Officer
Location: Oyo
Experience: 0 year(s)
Course of Study:
Required Grade:
Job Summary
The Loan/Deposit Officer is responsible for processing the loans, monitoring the loan portfolio and developing the Advans La Fayette MFB loan clientelle. He/she will also be responsible for developing the savings and deposits portfolio for the target groups.
The Officer will spend more than 60% of the time on the field by performing visits to clients in commercial areas.
Position Requirement
Degree or Higher National Diploma in any discipline
Good relationship and communication skills with strong team spirit
Strong analytical skills
Good computer skills
Real motivation to work and grow in a performance based environment
Taste for fieldwork
ADDITIONAL KNOWLEDGE / SKILLS REQUIRED
Practical knowledge of micro / small / medium businesses
Knowledge of microfinance bank sector is a must
Good writing skills
Knowledge of the local languages, especially Yoruba
How to Apply:
Interested and qualified applicsants are to
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