Consumer Loan

Consumer credit is a loan granted for personal use; usually unsecured and based on the borrower’s integrity and ability to pay from his/her salary or business activity. Consumer loans can be extended to both salaried employees and those who are self-employed.

Purpose of Consumer Loan

Consumer loans are used to finance the purchase of consumer goods such as living or dining sets, televisions, carpets, or related goods, the payment of studies, weddings, or any personal use.

Eligibility for Consumer Loans

Consumer loan clients must meet the following requirements:

  1. Be a business owner or a salaried employee for at least two years or be an entrepreneur with an active savings account with Diaconia; and
  2. Demonstrate ability to repay.

Loan Amounts for Consumer Loans

The consumer loan amounts will range from US$ 600-$7,000

Currency of the Loans

DMDI credits may be granted in United States dollars (US$)

Loan Term

Loan terms will depend on:

  1. The production cycle/cash flow of the customer;
  2. The nature of the business operation;
  3. The debtor’s ability to pay and the risk profile of the business type.


  • Facility range: USD 600 (minimum) to USD 7,000 (maximum)
  • Methodology: Individual lending and liability
  • Duration: 6 months to 24 months
  • Repayment frequency: Monthly
  • Clients must be Responsible


  • Access to funds for business expansion
  • Access to other business loan products to strengthen client’s enterprise
  • Flexible repayment structure
  • Training on basic financial management, business planning and customer relations
  • Low interest rate
  • Expert financial advice available


  • Duly completed application form
  • 2 guarantors
  • 2 recent passport-size photographs
  • A valid means of ID (national ID, driver’s license, voter’s card or passport)
  • Proof of business ownership and income