SME Digital today announced the launch of two new Shariah-compliant financing solutions, Guesthouse and Guestroom Financing, aimed at expanding access to affordable financing for entrepreneurs, businesses, and first-time entrants in the local tourism sector.
It said that the newly introduced facilities are designed to support the establishment, expansion, and modernization of tourism-related ventures by addressing common financial challenges faced during construction, renovation, and operational growth.
Through flexible financing structures and extended repayment periods, the solutions provide individuals and businesses with the financial capacity required to invest confidently in long-term tourism projects while supporting sustainable sector growth.
Guesthouse Financing provides financial support for the development of new guesthouses and the expansion of existing properties with a minimum of 6 guestrooms, including the addition of new rooms and facilities, the establishment of tourism support services, and the adoption of modern technologies that enhance operational efficiency.
For the first time, SME Digital has increased the financing limit under this facility to up to MVR 10,000,000, with a repayment tenure of up to 15 years, including a grace period of up to 18 months, providing businesses with greater flexibility during the initial stages of operation. Applicants are required to contribute a minimum equity investment of 20 percent toward the total project cost.
Guestroom Financing has been introduced to create an accessible pathway for individuals and small-scale operators seeking to participate in the tourism sector through homestays and small accommodation ventures with a maximum of 5 guestrooms.
The facility provides financing of up to MVR 1,500,000, with a repayment tenure of up to 10 years, including a grace period of up to 12 months, enabling households and small businesses to expand room capacity or establish new homestay or rental services through manageable financing structures.
A minimum equity contribution of 20 percent of the total project cost is required. Eligibility for Guestroom Financing will be assessed based on the applicant’s repayment capacity, taking into consideration personal income sources such as salary, rental income, or business earnings.
