SME Digital introduces financing facility for business asset acquisition

SME Digital has launched a specialized financing solution designed to help micro, small, and medium enterprises (MSMEs) acquire essential business assets that boost productivity and expansion.

The new facility allows existing businesses across all sectors to obtain financing for equipment, machinery, business vehicles, and vessel mechanization.

The scheme offers Shariah-compliant financing between MVR 100,000 and MVR 5,000,000.

Unsecured financing of up to MVR 1,000,000 is available with a tenure of 7 years and a 6-month grace period, while secured financing offers a 10-year tenure with a 12-month grace period. The annual profit rate ranges from 9 percent to 10.5 percent.

According to SME Digital CEO Badhurudheen Hassan, the purpose of the facility is to stimulate economic activity and address financial constraints faced by existing businesses.

“We aim to provide a practical and timely solution, improving productivity and empowering businesses to acquire new equipment and machinery needed to expand into new markets,” he said.

“We hope this financing will support stronger, more resilient businesses and contribute meaningfully to the nation’s economic progress.”

Applications can now be submitted through the SME Portal at smedigital.mv.