DavoDani Microfinance Bank (DDMFB) marked a major milestone on February 21, 2025, with a grand 10th Anniversary Celebration held at the prestigious Marriott Hotel. Themed “A Decade of Transforming Lives,” the event brought together distinguished guests, customers, funding partners, regulators, and stakeholders to celebrate the bank’s remarkable journey over the past decade.
A Journey of Growth and Impact
In his keynote address, Prince Austin Enajemo-Isire, Founder and Chairman of the Board, reflected on DDMFB’s evolution from its humble beginnings in 2014 to becoming one of the fastest-growing microfinance institutions in Nigeria. What began with the acquisition of a struggling unit microfinance bank has now transformed into a thriving financial institution with a balance sheet size of approximately ₦10 billion and a shareholders’ fund exceeding ₦3 billion.
Highlighting the bank’s trajectory, the Chairman noted that DDMFB has expanded from a single branch to 11 branches and currently boasts a workforce of nearly 200 dedicated professionals. This growth has been driven by a clear vision, strong corporate governance, and a commitment to financial inclusion.
Recognition and Achievements
Over the years, DDMFB has gained recognition for its strategic expansion and innovative financial services. In 2024, the bank was honored with multiple awards, including:
- Best Microfinance Bank in Growth and Strategy Expansion (BusinessDay BAFI Awards 2024)
- Innovative Microfinance Bank of the Year (Kosofe Chamber of Commerce & Industry)
These awards reflect DDMFB’s unwavering commitment to excellence, customer satisfaction, and its mission to empower small businesses, market women, and entrepreneurs with access to financial opportunities.
Empowering Communities and Building a Sustainable Future
Speaking at the event, Prince Enajemo-Isire emphasized that the true success of DDMFB lies in the lives transformed over the years. The bank has empowered thousands of individuals and businesses by providing access to capital, fostering entrepreneurship, and enabling financial independence.
“As we stand here today, we must acknowledge that DDmfb’s success is not just an achievement for the shareholders alone, but about the hundreds of thousands of individuals and businesses who have been given the tools to build a better future,” he stated.
Looking Ahead: The Future of DDMFB
While celebrating the achievements of the past decade, DDMFB remains focused on the future. The bank is committed to embracing digital transformation, expanding financial services, and reaching more underserved communities. With the financial landscape evolving rapidly, DDMFB aims to continue its legacy of innovation, customer-centric solutions, and financial empowerment for decades to come.
A Word of Appreciation
The Chairman expressed profound gratitude to the customers, funding partners, shareholders, employees, and regulators (CBN & NDIC) for their unwavering support. He reaffirmed the bank’s dedication to ensuring that access to financial services is not a privilege for a few, but a right for all.
The DDMFB 10th Anniversary Celebration was not just a moment of reflection but a call to greater impact, as the bank looks forward to another decade of excellence, empowerment, and transformation.
