Lagos, Nigeria – DavoDani Microfinance Bank has opened its 11th branch in Ajah, Lagos, to provide increased access to financing for small and medium enterprises (SMEs) in Nigeria. The new branch aligns with DavoDani’s commitment to empowering micro-entrepreneurs and SMEs with loans and financial services.
“We are dedicated to supporting Nigerian SMEs and giving them unrestricted access to the funding they need to grow their businesses,” said Mr. Austin Enajemo-Isire, Founder and Chairman of DavoDani MfB, during the Ajah branch opening ceremony.
DavoDani aims to assist the unbanked and underserved populations in Nigeria by providing microloans and responsive financial services tailored to microentrepreneurs and SMEs.
“Despite the tough economic climate, we are focused on getting closer to local communities and providing the financial lifeline that small business owners need to survive and expand,” explained Mr. John Ologe, Managing Director of DavoDani MfB.
With high inflation and foreign exchange volatility impacting Nigerian businesses, the demand for larger SME loans has increased. DavoDani MfB is prepared to meet this demand and give struggling entrepreneurs the capital injection required to weather these challenges.
The microfinance bank’s customer-centric model and grassroots financial services are empowering SMEs across Lagos. DavoDani MfB plans to continue growing its branch network to boost financial inclusion and power the growth of small businesses in Africa’s largest economy.