Maldives launches loan scheme to boost women entrepreneurs

Government-backed initiative offers low-interest loans and prioritizes inclusivity to expand women’s role in national economy

MALE, Maldives (MNTV) — The Maldivian government is launching a nationwide loan programme aimed at empowering women entrepreneurs and improving access to finance for underrepresented groups, in a broader effort to foster inclusive economic growth.

The initiative, known as the Fashaa Madhadhu loan scheme, is administered by the SME Development Finance Corporation (SDFC) and offers low-interest financial support for women starting or expanding small businesses. Each funding round allocates approximately $1.3 million, as part of a $6.49 million multi-phase plan.

The programme is part of a broader government initiative aimed at expanding economic opportunities for women by addressing long-standing barriers to financial access and business participation.

Eligible entrepreneurs can access loans ranging from $6,485 to $32,430 at an annual interest rate of 6 percent, with a 12-month grace period and a seven-year repayment term. In a move to promote broader inclusivity, 25 percent of total funds have been reserved for persons with disabilities.

The loan scheme is being rolled out in collaboration with the Ministry of Economic Development and Trade, the Ministry of Social and Family Development, and SDFC. It focuses on supporting early-stage enterprises and increasing financial literacy among women in both urban and rural areas.

Government officials say the programme is part of a national effort to expand human capital, create jobs, and encourage entrepreneurship across all sectors of the economy. By easing access to capital, they hope to encourage long-term business development led by women and marginalized communities.

The Fashaa Madhadhu programme represents a shift toward more targeted, inclusive economic policymaking in the Maldives—one that emphasizes equity alongside growth.