DDMFB is a product of buy over of a defunct unit MFB incorporated in 2008. In 2014, new owners led by Prince Austin Enajemo-Isire acquired the unit licensed MFB and changed the name to DavoDani Microfinance Bank limited and continued as a unit MFB. After a process of rebirth, turnaround and recapitalization, the bank grew its depleted operating capital of N5.4m due to losses at the time of acquisition, to N100m in 2015.
In 2015, the bank sought and obtained approval from the Central Bank of Nigeria (CBN) to convert from unit to state licensed MFB status, which was granted in May 2016. The bank has evolved and grew its shareholders fund to well over One billion naira (N1B) and total asset base of about Four billion naira (4B) in 2022, operating from 10 strategic business locations in Lagos state.
DDMFB has since rebranded with new corporate identity and boasts of seasoned and distinguished professionals from diverse backgrounds in the executive Management team. The bank is driven by a board of directors comprising of renowned and well experienced professional with different backgrounds, experiences, skills and competence both in private and public sector; providing continuous robust oversight functions to management for the growth and development of the bank.
DDMFB has fully complied with the current regulatory minimum capital regime of One billion naira as prescribed by the Central Bank of Nigeria as of April, 2022.
To uphold high ethical standards, integrity and reliability.
We first understand our customers’ needs and expectations.
Pay Monthly NGN
Term of Use Months
Total Pay Back NGNApply For Loan
What We’re Offering
This is a tenure deposit with minimum tenure of 30 days and maximum tenure of 360 days.
As the name implies, this product is intended to provide entrepreneurs means to achieve a set goal.
This product enables the account holder to save for the rainy days depending on individual capacity.
Get to Know About
DDMFB guarantees you prosperity and financial freedom by helping you do more in your business with its loan offerings and services. We promote and encourage saving culture in line with our business strategy. Our aim is to help you transform your financial life by providing you with an unhindered access to sustainable wealth.
To be an exceptional leader in the provision of microfinance and other financial services on a sustainable basis to assist our clients achieve financial freedom.
An MFB founded on trust, integrity and customer focus, aimed at empowering micro, small and medium entrepreneur through unhindered access to finance.
At DDMFB, our core values of integrity, innovation, customer focus, teamwork and respect distinguish us as an exceptional player and a leading MFB in Nigeria.
Our communication strategies are designed to present mutual respect to all. Clients empowerment is at the core of our operations and we treat our customers and colleagues with respect.
when I was first approached, I was not sure of their swift response to loan until I requested for a loan and I got the money in the shortest possible time. I am amazed at the swift response. I secured the business I wanted the money for. Thank you DDMFB.
DDMFB has really helped me in securing businesses, grow my turnover and so increased my profitability. Indeed, with DDMFB, I am prosperous.
I opened target savings account with DDMFB, by the time the money was completed, the interest I got was encouraging. Also, I requested for a loan to top up my goods and it was disbursed immediately with necessary documents presented. DDMFB is really fast and reliable.
8 years in business and still counting
Customer empowerment is at the core of our operations and we treat our customers and colleagues with respect.
We are structured to guarantee excellent service delivery to our customers in the most effective and efficient manner.
We first understand our customers’ need and expectation and then satisfy them with the desired products and services.
Approved Loans request
Min Monthly Disbursement
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