Pres cancels interest on COVID-related loans

President Dr Mohamed Muizzu has decided to cancel interest on loans issued through Housing Development Finance Corporation (HDFC) and SME Development Finance Corporation (SDFC) during the COVID-19 pandemic.

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2024-04-12 14:11:25

President Dr Mohamed Muizzu has decided to cancel interest on loans issued through Housing Development Finance Corporation (HDFC) and SME Development Finance Corporation (SDFC) during the COVID-19 pandemic.

Many loans were disbursed through SDFC specifically for small and medium enterprises to boost Maldives' economy past the downturn caused by COVID-19.

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