SDFC Opens Applications for Viyafaari Dhirun Loan

SME Development Finance Corporation Pvt Ltd (SDFC) has introduced “Viyafaari Dhirun Loan” under the Covid19 Recovery Economic Stimulus Scheme. “Viyafaari Dhirun” Loan is a loan package provided to SMEs in collaboration with the Government of Maldives to facilitate SMEs for sustainable development of the businesses and to overcome the financial constraints faced due to the Covid – 19 pandemic. The 3 packages offered under this loan are: 

• Package 1: Working Capital.  Package 2: Completion of on-going projects.  Package 3: Business sustainability & Diversification & non-finance consultancy. 

 
As of now, the loan has been opened to existing businesses operating Café’/Restaurants, Gym, Guest Houses and Saloon Services. Key features of the loan include: 


• Loan amount up to MVR 1,000,000.00. 
• Interest rate up to 6%. 
• Repayment within 5 – 8 years. 
• Grace period of 1-2 years. 
• Equity requirement only for business diversification. 

 
Applications are now open on the SDFC website.