DavoDani Microfinance Bank (DDMFB) has taken a significant step towards fostering financial inclusion and empowering small and medium enterprises (SMEs) by opening its 11th branch in Ajah, Lagos. This expansion underscores DDMFB’s unwavering commitment to providing accessible and tailored financial services that fuel the growth of micro-entrepreneurs and SMEs across the region.
The Founder and Chairman of DDMFB, Mr Austin Enajemo-Isire, stated during the grand opening of the Ajah branch that “We are dedicated to supporting Nigerian SMEs and giving them unhindered access to the funding they need to propel their businesses forward”.
With a deep understanding of the financial challenges faced by the unbanked and underserved populations in Nigeria, DavoDaniMFB has designed a comprehensive suite of products, including SME loans, microloans, and responsive financial services tailored to the specific needs of micro-entrepreneurs and SMEs.
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“Despite the challenging economic climate, we are unwavering in our mission to reach local communities and provide the financial lifeline that small business owners need to not only survive but also thrive,” emphasized Mr. John Ologe, Managing Director of DDMFB.
In response to the surging demand for larger SME loans driven by escalating inflation and foreign exchange volatility, DDMFBhas positioned itself to meet these demands effectively. The bank is well-equipped to provide struggling entrepreneurs with the capital injection they need to weather these economic storms and emerge stronger.
DavoDani MFB’s commitment to customer-centricity and grassroots financial services is empowering SMEs across Lagos. The microfinance bank envisions further expanding its branch network to bolster financial inclusion and fuel the growth of small businesses in Africa’s largest economy.
