SME Development Finance Corporation (SDFC) today announced the launch of a new financing service dedicated to content creators and film producers.
The facility, offering financing up to MVR 500,000, is designed to empower creative professionals and foster sustainable growth in the Maldives’ creative economy.
This key initiative opens new opportunities for digital content creators, influencers, and videographers to access the resources they need to expand their businesses and bring their creative visions to life.
Financing of up to MVR 150,000 is available without collateral, while financing up to MVR 500,000 can be accessed with collateral.
With an annual profit rate of 9.5 percent, the facility offers flexible repayment terms of up to five years, including a grace period of up to six months. The financing can be utilized to purchase equipment, cover production costs, and meet other business expenses essential for scaling creative enterprises.
Speaking about the financing, Managing Director of SDFC Badhurudheen Hassan said the creative economy is one of the fastest-growing sectors globally, with Maldivian youth transforming creativity into sustainable economic growth.
Applications for the facility are now open and can be submitted through the SME Portal on SDFC’s website www.sdfc.mv.
