Designed to provide aspiring and emerging young entrepreneurs across the Maldives with easier access to financing, the Youth Entrepreneurship Financing Facility is a Shariah-compliant initiative established in collaboration with the Government of Maldives and Bank of Maldives Plc to support business creation, innovation, and sustainable entrepreneurial growth.

Features

• • Access collateral-free financing from MVR 25,000 to MVR 150,000
• • Enjoy a competitive profit rate of 7% per annum
• • Flexible repayment terms of up to 5 years, including a grace period of up to 6 months
• • Requires an active Bank of Maldives Bank Account