A microfinance bank, Advans Nigeria, said it has outshined global benchmarks and success in empowering businesses and individuals across Nigeria.
The bank, in pursuit of financial inclusion in the country, has expressed its commitment to business impact and opportunity as it also affirmed readiness to revolutionize the financial landscape, providing access to essential and affordable financial products and services that cater to Nigerian’s needs.
Confirming the development in the firm performance in the financial sector, an Independent Global Research Agency said that the microfinance bank has exceeded global benchmarks in key performance areas, solidifying its position as a pioneer in driving regional financial inclusion.
On the business front, an impressive 48 per cent of Advans Nigeria’s clients reported a substantial increase in income, surpassing the benchmark of 22 per cent. This remarkable growth has contributed to local businesses’ development and the communities’ overall economic prosperity.
Additionally, 31 per cent of clients noted a significant expansion of their workforce, outperforming the benchmark of eight per cent, further demonstrating the positive ripple effect of Advans Nigeria’s interventions.
Client protection is a cornerstone of Advans Nigeria’s operations, and the survey results reflect this commitment.
An astounding 76 per cent of respondents found loan repayments to be effortlessly manageable, surpassing the benchmark of 65%.
This achievement 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 the remarkable resilience and progress achieved by Advans Nigeria’s clients. Over half of the respondents (51 per cent) reported significant improvements in financial management, surpassing the benchmark of 22 per cent.
This positive trend showcases the transformative impact of Advans Nigeria’s financial education and support initiatives. Additionally, 44% experienced substantial growth in their savings, exceeding the benchmark of 14%, while 45% noted improved readiness to handle emergency expenses, surpassing the benchmark of 19%.
Speaking on these achievements, the managing director/Chief Executive Officer, Advans Nigeria, Gaëtan Debuchy, expressed pride in the organisation’s impact and its commitment to financial inclusion, stating that, “ 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.”
The bank’s success is underpinned by its innovative use of technology, which enables them to deliver financial services responsibly and sustainably to individuals and businesses nationwide.
