StartCredits StartCredits StartCredits StartCredits
  • Loans
    • Credit Score
    • Guide
  • Investments
    • Bank
    • Bitcoin
  • Log In
StartCredits StartCredits
  • Loans
    • Credit Score
    • Guide
  • Investments
    • Bank
    • Bitcoin
  • Log In
davodani microfinance

DavoDani

Interest Rate (4% – 15%)

 

Apply
Category: Microfinance Tags: Asset Financing, Business, Education, Group Loan, Micro Loan, Vehicle
  • Description

Description

DavoDani Microfinance Bank


DavoDani Microfinance Bank is a CBN licensed institution offering loans for multiple purposes in Nigeria.

 

Products

  • Micro loans – This is for entrepreneurs, traders and students to access for existing businesses. The customer must complete the Bank’s Loan application form to enable us complete loan’s tracker compliance form. Any amount from N50,000 requires security in form of supported Third Party Guarantee. Customer must provide at least 20% Equity Contribution of the loan amount being requested. Customer is responsible for Notary Stamping.
  • Group Loan – Davodani Microfinance Bank group based loans are loan facilities designed for micro-enterprise operators, who do not have conventional collateral. These loans are up to ₦200,000 and have a short tenor. To supplement collateral requirements, the loans are secured partly by cash and partly by group guarantees. To access these types of loans one has be a member of registered and unregistered groups of 5-30 members. Group lending is where individuals borrow in the group by use of co-guarantee mechanism and any other appropriate securities accepted by the bank.
  • Asset Financing – The loan is for traders, artisans and low income earners in paid employment for acquisition of assets like generator, electronics, kitchen and other household products.

Pros

  • Flexible loan conditions
  • Competitive rate

Cons

  • Collateral required
  • Geographic restrictions to Lagos
  • Guarantor required

Requirements

  • Letter of employment
  • Staff identity card
  • Pay slip
  • 6 months statement of account
  • Other forms of identification (National Identity card, international passport, etc)
  • Utility bill
  • Provide a guarantor
  • Loan period of 180days
  • Flexible repayment an arrangement
  • Comprehensive Insurance

Related products

  • snapcredit loans

    SnapCredit

  • Fina Trust Microfinance Bank loans

    Finatrust

  • UBA loan

    UBA

  • zedvance loans

    Zedvance

Search for your Loan

Latest Loans

  • bank of agriculture loan startcredits Bank of Agriculture
    Rated 4.00 out of 5
  • Kickstarter
  • hasal mfb loans Hasal
  • ab microfinance loans AB Microfinance
  • zenith bank loans Zenith Bank
    Rated 5.00 out of 5
  • Infinity Trust Mortgage Bank Infinity Trust
  • Page-Microfinance-Bank Page
    Rated 5.00 out of 5
  • Abbey Building Society Plc Abbey Building Society
  • diamond bank Diamond
  • Survivalfund ng Survival Fund

Loan Advice

  • Securing a federal government housing loan in Nigeria
  • Non-performing loans of Nigerian banks
  • Types of loans offered in Nigeria
  • Home loans in Nigeria
  • Who gives loans for Nigerian Startups
  • The 2020 top banks in Nigeria by earnings
  • Key requirements to access loans in Nigeria
  • Can You Still Get a Loan After Bankruptcy in Nigeria?

Company

  • About
  • Contact
  • Careers
  • Credit Score

Loans

  • Moneylenders
  • Peer to Peer
  • Mortgage
  • Microfinance

Investments

  • Bitcoin
  • Bonds
  • Deposits
  • Shares

Follow Us!

Follow Us on FacebookFollow Us on TwitterFollow Us on LinkedInFollow Us on Google+
Return To Top
  • Moneylenders
  • Peer to Peer
  • Mortgage
  • Microfinance
Copyright © 2021 startcredits.com
  • Loans
    ▼
    • Credit Score
    • Guide
  • Investments
    ▼
    • Bank
    • Bitcoin
  • Log In