Project Description
The project will assist La Fayette Microfinance Bank Nigeria Ltd, a Greenfield microfinance bank, in its start-up phase by providing advisory services. The project will cover approximately 15 percent of the total budget for technical assistance aimed at supporting the creation and expansion of La Fayette Microfinance Bank Nigeria Ltd. The microfinance bank is sponsored by Advans SICAR, a microfinance holding company. The technical service provider is Horus Development Finance. Specifically, the project will assist La Fayette Microfinance Bank, through a performance-based grant, in establishing the internal management systems and training staff to provide roll-out of cash flow-based individual loans to micro, small and medium enterprises and low-cost deposit services to the mass market.