SDFC was established as a specialized financial institution providing financial products and ancillary services to MSMEs and entrepreneurial start-ups with the primary purpose of easing access to finance for MSMEs.
The leading financial institution assisting and supporting the development of MSMEs in the Maldives for achieving inclusive, broad-based and robust economic growth.
Support emergence and growth of MSMEs by providing solutions that cater to the financing needs of MSMEs and are widely accessible to MSMEs across the country.
At SDFC we strongly believe that our customers are the heart of our organization. Our aim is to closely work with our clients in providing superior and high quality services with swift and timely output.
SDFC encourages and supports local micro, small and medium sized enterprises and entrepreneurial start-ups to contribute to the local communities. We strongly believe in inclusive economic growth for the well-being of the entire population. In this manner, we will give priority to applications from women, youth and people with special needs to ensure that we create opportunities for all.
Our key focus is to develop loan products and enable growth of businesses in the following sectors:
Viyafaari Dhirun
Rashu Fathuru
Viyafaari Ehee
Dhanduveri Nafaa
Harumudha
Viyafaari Tharaggee
Fashaa Viyafaari
Rashu Fathuru is introduced with the aim of developing local tourism within the atolls by enabling emerging local SMEs in the private sector to establish themselves in the Maldives tourism industry. Rashu Fathuru will cater to the needs and requirements of new as well as existing businesses looking to take on local tourism opportunities.
We at SDFC strongly believes that small businesses need financial support to meet their business needs. Our ‘Viyafaari Ehee’ loan product allows such businesses to meet their short term needs without having to go through the hassle of meeting the rigorous eligibility criteria of other banks.
SDFC is collaborating with Ministry of Fisheries, Marine Resources and Agriculture to provide easily accessible financing options to parties involved in the agriculture sector. Being one of the priority sectors, SDFC gives utmost importance to cater to the needs and requirements of this sector. We believe that the sector growth can be boosted to contribute more to the economy.
Our ‘Harumudha’ loan product allows SME businesses to acquire assets to meet their long term investment needs. The product is specifically targeted towards customers engaged in construction, fisheries, transportation, information communication technology and manufacturing sector.
Our ‘Viyafaari Tharaggee’ loan product caters to the needs of SME businesses in various sectors of our current economy. The product is specifically targeted towards expansion of existing businesses and to encourage long term investments by enabling ongoing businesses to develop.
Our ‘Fashaa Viyafaari’’ loan product is targeted towards encouraging entrepreneurship opportunities by providing startup finance to promote investments in the country. It allows new businesses to invest in fixed assets and finance their working capital needs.
“Viyafaari Dhirun” Loan is a loan package provided to SMEs in collaboration with the Government of Maldives to facilitate SMEs for sustainable development of the businesses and to overcome the financial constraints faced due to the Covid – 19 pandemic. The 3 packages offered under this loan are:
Package 1: Working Capital
Package 2: Completion of on-going projects
Package 3: Business sustainability & Diversification & non-finance consultancy
SME Development Finance Corporation Pvt Ltd (SDFC) was issued the Financing Business License by Maldives Monetary Authority on 28th February 2019.
SDFC is owned by the Government of Maldives with shares of 3 City Councils, i.e. Male’ City, Fuvahmulah City and Addu City. The commencement of SDFC’s operations will make it easier for MSMEs to obtain financing to support their businesses while leading to healthy competition between the financial institutions.