Digaf MFI review

Updated September 28, 2026 · BorrowCue Editorial Team · Facts checked September 26, 2026

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Our verdict

Digaf MFI lends directly to salaried workers in Ethiopia at a fixed rate, with loans of ETB 500 to ETB 10,000 and a published service charge. It suits adults with steady income who need a small, short loan funded the same day rather than a large, long one.

Key facts

Best for
Salaried adults in Ethiopia needing a short personal or payday loan funded the same day.
Loan amount
ETB 500 to ETB 10,000 (Source, checked September 26, 2026)
Term
1 month (Source, checked September 26, 2026)
Arrangement fee
75-575 ETB service charge, tiered by loan amount (Source, checked September 26, 2026)
Funding time
Disbursed to bank account shortly after approval (Source, checked September 26, 2026)
Rate type
Fixed (Source, checked September 26, 2026)
Lender type
Direct lender (Source, checked September 26, 2026)
Eligibility
18+ Ethiopian citizen with renewed Kebele ID or passport, minimum monthly gross salary 1,500 ETB, employed 6+ months with a reputable tax-paying company (Source, checked September 26, 2026)
Origination fee (%)
5% (Source, checked September 26, 2026)
Loan types
Personal, Payday, BNPL, Business (Source, checked September 26, 2026)
Legal entity
Digaf Micro Credit Provider S.C. (Source, checked September 26, 2026)
Headquarters
Ethiopia (Source, checked September 26, 2026)
Support channels
Phone, Email, Community (Source, checked September 26, 2026)
Pricing model
Fixed rate
Features
Same-day funding
Official website
digafmfi.et

Pros and cons

Pros

  • Fixed rate pricing, so repayments do not shift with the market (fixed)
  • Loans of ETB 500 to ETB 10,000 reach further in the short term than the site median of €876.96
  • Funding lands in your bank account shortly after approval (Disbursed to bank account shortly after approval)
  • Support runs on phone, email and community

Cons

  • Repayments are set over a term of just 1, so debt clears fast but monthly pressure is high
  • The service charge of 75-575 ETB service charge, tiered by loan amount is tiered, so the fee on a small loan bites harder than on a large one
  • Borrowing stops at ETB 500 to ETB 10,000, which is small against a site range of loan amounts that stretches to €8,769,622.03
Digaf MFI

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Scored 8.7 / 10 by BorrowCue.

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Who it suits

  • Salaried adults with a minimum monthly gross salary and a renewed Kebele ID or passport
  • Borrowers who want a fixed repayment and fast access to a bank account
  • Small, short needs rather than a large or long-term loan

Who should look elsewhere

  • Borrowers chasing a large sum, since the ceiling is ETB 500 to ETB 10,000 against Monzo Flex's £10,000 to £35,000
  • Self-employed applicants, because eligibility needs formal employment at a reputable tax-paying company
  • Readers wanting a revolving credit line, since the range is one-off personal, payday, buy now pay later and business loans

The company behind it

Digaf MFI trades as Digaf Micro Credit Provider S.C. and is based in Ethiopia. It lends as a direct lender rather than acting as a broker, so you deal with the provider itself. The licence is held in the same market, and help runs on phone, email and community, so a question can go out by phone or email or through the community channel.

How Digaf MFI compares

Where Digaf MFI is available

Available
Ethiopia
Licence in Ethiopia
National Bank of Ethiopia, checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

How much does Digaf MFI charge?+

There is a service charge of 75-575 ETB service charge, tiered by loan amount and an origination fee of 5%, both described in the terms. Interest sits on a fixed rate, so the cost of a given loan does not drift with market rates. The charge is tiered by loan amount.

How much can I borrow?+

Loans run from ETB 500 to ETB 10,000, which covers short needs far better than the site median of €876.96. Personal, payday, buy now pay later and business lending are all in the range. Anything bigger sits outside what this lender offers.

How long do I have to repay?+

The term is 1, so the balance clears quickly. That keeps the exposure short for a lender and for you. It also means the monthly payment on the full amount can feel heavy.

How fast do I get the money?+

Funding is the strong point here. Same-day funding is a listed feature, and the money is Disbursed to bank account shortly after approval. You will need a bank account to receive it.

Is the rate fixed or variable?+

Pricing is fixed, and the lending model is fixed-rate. The rate you are offered therefore holds rather than moving with wider market conditions. For budgeting, that removes the upward drift risk some variable lenders carry.

Is the money protected by a regulator?+

The licence is held with the National Bank of Ethiopia, the same market as the lender's home country of ET. Read the terms to confirm the cover that applies to your loan, since a licence and a deposit protection scheme are different things.

Who can apply?+

Applicants must be an adult Ethiopian citizen with a renewed Kebele ID or a passport. You also need a minimum monthly gross salary, and to have been employed for a period at a reputable tax-paying company. The terms set the salary floor and the length of employment.

How do I get in touch if something goes wrong?+

Support covers phone, email and community. Phone and email are the main routes, and there is a community channel alongside them. Keep your agreement and payment records in case a repayment query comes up.

Sources

  • digafmfi.et checked September 26, 2026

    Backs: Eligibility, Pricing model, Origination fee (%), Rate type

    “eligible Ethiopian citizen (over 18 years) with a renewed Kebele ID or Passport An Individual with a regular source of income with a minimum monthly gross salary of 1500 ETB Employment of longer than...”

  • digafmfi.et/about checked September 26, 2026

    Backs: Headquarters

    “Addis Ababa, Bulbula Refenti Building 2nd floor”

  • digafmfi.et/services checked September 26, 2026

    Backs: Features, Funding time, Loan types

    “Demoz Pay Day lets you borrow up to 1/3rd of your gross salary instantly at your desired time”

  • digafmfi.et/terms checked September 26, 2026

    Backs: Loan amount, Legal entity, Lender type, Arrangement fee, Support channels, Term, Licences

    “500-1,000 birr: 75 birr service charge ... Maximum loan amount 10,000 birr”

Compiled from 4 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: APR, Credit check, Representative example.

Digaf MFI

Digaf MFI

Salaried adults in Ethiopia needing a short personal or payday loan funded the same day.

8.7/10See alternatives

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