Our key focus is to develop loan products and enable growth of businesses in the following sectors:
Rashu Fathuru loan product 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 loan 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 ‘Harumudhaa’ loan product allows SME businesses to acquire assets to meet their long term investment needs.
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.
SDFC is collaborating with the Ministry of Fisheries and Ocean Resources to provide easily accessible financing options towards the facilitation of RSW systems in fishing vessels. The purpose of this loan program is to aid the overall sustainability and development of the fishing industry.
SDFC is collaborating with the Ministry of Fisheries and Ocean Resources to provide easily accessible financing options for businesses engaged in reef fishing activities. The purpose of this loan program is to aid the overall sustainability and development of the fishing industry.
SDFC is collaborating with the Ministry of Fisheries and Ocean Resources to provide easily accessible financing options towards setup of ice plants in islands engaged in reef fisheries. The purpose of this loan program is to aid the overall sustainability and development of the fishing industry.
“Taxi Nafaa" loan product is introduced for the purpose of providing accessible financing options for taxi drivers in the Maldives.
Existing Taxi Replacement |
Existing Taxi Driver |
New Taxi Driver |
---|---|---|
1. Taxi must have been in operation for the past year with a valid taxi permit. | 1. Taxi Driver Permit Holder (should have operated as a taxi driver for 1 year) | 1. Taxi Driver Permit Holder |
2. Age of the car: 10 years and more | 2. For taxi service provision in the Greater Male region and Cities | 2. For taxi service provision in the Greater Male region and Cities |
The "Fannuveri Nafaa" loan product is introduced with the purpose of providing accessible financing to aid in the overall sustainability and development of the creative industry in the Maldives.
SDFC is collaborating with the Ministry of Economic Development & Trade (MoEDT) and Ministry of Social and Family Development (MoSDF) to offer accessible financing options to women entrepreneurs, especially who are excluded from conventional banking.
Dhanduveri Manfaa is a product created in collaboration with Ministry of Agriculture and Animal Welfare to provide easily accessible financing options for purchase of greenhouse and to incorporate climate smart technologies in traditional agricultural practices. This Product is funded by International Fund for Agriculture Development (IFAD) to aid the overall sustainability and development of the agriculture industry.
Dhanduveri Manfaa is a product created in collaboration with Ministry of Agriculture and Animal Welfare to provide easily accessible financing options for purchase of greenhouse and to incorporate climate smart technologies in traditional agricultural practices. This Product is funded by International Fund for Agriculture Development (IFAD) to aid the overall sustainability and development of the agriculture industry.
SDFC is collaborating with the Ministry of Fisheries and Ocean Resources, Ministry of Finance and Islamic Development Bank to provide easily accessible financing options towards the overall sustainability and development of the fisheries industry.
This initiative offers customers a Murabaha financing contract to purchase refrigerated sea water system, solar PV system and generator set to run the RSW system in compliance with Islamic Shari’ah principles and is facilitated by the Islamic Window of SME Development Finance Corporation (SDFC). The product was unveiled during the rollout of its second phase and is a result of a collaboration between the Ministry of Finance, Ministry of Fisheries and Ocean Resources, Islamic Development Bank (ISDB), and SDFC.
The Minister of Fisheries and Ocean Resources Honorable Ahmed Shiyam emphasized multiple benefits the RSW system brings to fisherman. He stated that it would lead to lower fuel consumption, enable fishermen to remain in the sea for longer and maintain the freshness of the catch. This initiative marks a pivotal step towards strengthening the fisheries sector and ensuring its sustainable growth in the future.
Those interested can now apply through SDFC’s online portal.