Private Home Financing Loan

This loan product offers low and middle-income households with flexible loan services for financing home constructions or improvements, repairs, or acquiring a new home or buying land in a way that will make loan payments affordable.

DMDI will promote progressive or incremental housing through a series of relatively small but affordable loans to allow clients to make home repairs and improvements or build in stages, based on their household’s debt payment capacity.

Private Home Financing loan

  • House construction
  • Home repairs/improvement; Improvements or extensions related to a home-based enterprise or on-site production (e.g., adding rooms, building additional floors or annexes);
  • House and/or Land Acquisition loan for buying an existing house (old or new) and/or a residential lot is intended to fill a gap in financing the acquisition of the piece of real property and will require the borrower to make a down payment of at least 20% or more of the amount required for the purchase of a house or residential lot.
  • Installation or replacement of doors, roofs, floors, walls, windows, kitchen, and bathroom plus painting, tiling, plastering, etc.
  • Upgrading security (e.g., fencing);
  • Installing utilities or connecting to basic services (e.g. water, electricity, solar panels, sewage and solid waste management systems, drainage);
  • Water harvesting or collection with water tanks
  • Land registration costs involving the purchase/lease of land or any other attendant costs related to securing land tenure (i.e., legal use, possession or ownership of the property).

Note: The purchase of furniture, home appliances, and electronic goods are not funded under Home Improvements or Repairs Loans.


Private home financing loan is intended to serve the home improvement needs of existing clients and depositors of the bank. It will also be offered to new clients that satisfy the requirements and pass the character and cash flow evaluation process.


  • 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

Specific eligibility Criteria for Home Financing Loans

The following are specific eligibility criteria for home financing loans:

  1. Home financing loan is available to existing depositors, salaried employees and all persons with viable micro business operations;
  2. Home financing loans are also available to spouses and guarantors of existing DMDI loans;
  3. Home financing loans are also available to those who have the capacity and willingness to put up the equity (including, for example, escrow savings account) as may be required by DMDI;
  4. Home financing loans are available to those who are owners of homes and/or land. Also those with tenure security or proof of legal use can qualify for home financing loans.

Special Conditions for Existing DMDI Clients

Existing DMDI clients must meet the following specific conditions for Home Financing loans:

  1. Be an active borrower for at least one year (or completed two loan cycles of six months each);
  2. Have a delay factor less than or equal to 1, understood as the number of accumulated days late (days calendar), and the number of payments made.

Special Conditions for Prospective Clients

Applicants for Home Financing Loans, who are not yet clients, must meet the following special conditions:

  1. If a business entrepreneur, meet basic qualification for receiving a Diaconia loan based on cash flow and character analysis;
  2. If not a business entrepreneur, then must have a reliable source of income such as a salary income;
  3. Must be residing in present address for at least three years;
  4. Have no history of past due loan with DMDI or other financial institution
  5. May not have an existing loan from another financial institution;
  6. Supplementary or other sources of income from an economic enterprise, income-generating activity, or support/contribution from other members of the family or household is an added advantage;