Micro Loan at DDMFB

Micro Loan

Our Micro Loan is a short-term loan that is granted to individuals or small businesses to support their business activities. As an entrepreneur, you can easily access a quick loan in Nigeria through this DDMFB Micro loan.

Personal Loan Requirements


  • Monthly repayment
  • Highly competitive interest rate
  • Quick access to facility
  • Maximum tenor of 12 months


  • Borrower must have an account with the bank
  • Borrower must be a business owner with regular income
  • Borrower must be between the age of 18 and 65 years
  • Business must be in existence for a minimum of 1 year


  • Duly completed loan application form
  • Provision of a valid means of identification of the borrower and guarantors
  • Recent utility bill not more than 6 months
  • Two recent passport photographs of borrower and guarantors
  • Six months bank account statement up to application date of the borrower and guarantors
  • 10% equity contribution
  • Two eligible guarantors
  • Two duly signed cheque leaves of the borrower and guarantors
  • Adequate collateral