A digest of news and opinion from the Maldives.
Starting from this Friday, SME Development Finance Corporation (SDFC) will temporarily halt accepting loan applications until February 2021. This is in order to close its finances and further improve the quality of its services. SDFC announced that they will resume accepting loan applications on 1st February 2021. SDFC has disbursed loans worth MVR 395 million […]
Over the last two years under President Ibrahim Mohamed Solih’s current administration, our nation has taken many a stride forward in the way of progress. The same can be said about our local economy; under the leadership of President Solih, a number of opportunities have been opened up for micro, small and medium-sized enterprises (MSMEs) […]
To foster business enterprises, especially for the growth of women entrepreneurship, SME Development Finance Corporation (SDFC) earmarks 25% of its loan portfolio to women. Funding empowerment for women-owned SMEs has been one of the major policies of the government. SME loans allocated for women per year takes up 25% of the portfolio. A total of […]
Finance Ministry issued a loan of 1MVR 198 million via SME Development Finance Corporation (SDFC) directed at the small businesses operating in the Maldives, under the government’s recovery scheme. This includes small businesses, middle-class businesses, and self-employed people. Under the stimulus package of MVR2.5 Billion, announced by the government, SDFC issues loans for small and […]