Get To Know About Us
Few Words About Our Company
DDMFB is a product of buy over of a defunct unit Microfinance Finance Bank 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 Lagos and continued as a unit Microfinance Finance Bank. 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.
DavoDani Microfinance Bank 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.
We Approve Loans
How Process Works
Ownership & Capital Base
DavoDani Microfinance Bank is indigenously owned, founded and led by Prince Austine Enajemo-Isire, an accomplished corporate executive who was a MD/CEO of an Insurance company. He is currently the Chairman of DavoDani International (NIG) Ltd, an outfit which is into marketing and distribution of various products. The company has assembled formidable and tested professionals with excellent track records in the industry and has undergone transformation processes which have had positive effect on every area of its culture, operations & financial performance.
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.
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. Thank you DDMFB.
Mr. Uchenna Valentine
DDMFB has really helped me in securing businesses, grow my turnover and so increased my profitability. Indeed, with DDMFB, I am prosperous.
Mrs. Adeyileka, Margret Arinola
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.