SDFC introduces a loan scheme for content creators

The SME Development Finance Corporation (SDFC) has opened applications for loans aimed at content creators in the Maldives. This initiative is part of President Muizzu’s presidential manifesto.

Under the scheme, SDFC offers loans of up to MVR 500,000 with a mortgage, and up to MVR 150,000 without any collateral.

The goal of the loan scheme is to encourage content creators and support the sustainable development of the Maldives’ creative economy. SDFC stated this initiative will open new opportunities for digital content creators, influencers, and videographers to grow and expand their businesses.

Loan repayments can be spread over five years, with a six-month grace period. The loans carry an annual interest rate of 9.5 percent.

According to SDFC, the proceeds from the loan scheme are intended to cover equipment purchases, production costs, and various business expenses necessary for scaling up creative enterprises.

SDFC’s Managing Director, Badhuruddheen Hassan, stated that the creative economy is currently one of the fastest-growing sectors globally. He noted that this financial opportunity gives Maldivian content creators the support they need to expand their reach internationally.

“This is not just a financing product. It is an investment in creative talent, productivity, and the economic future of the country,” Badhuruddheen said.

Loan applications are now open via the MME portal on the SDFC website.