BML-SME Digital launch financing for youth entrepreneurs

Bank of Maldives (BML), in partnership with SME Digital, has launched a Youth Entrepreneurship Financing facility aimed at supporting young Maldivians in establishing micro and small enterprises and transforming innovative concepts into sustainable businesses.

The financing facility was officially inaugurated by President Dr Mohamed Muizzu at the Youth Entrepreneurs Expo, which kicked off on Wednesday.

The unsecured financing solution is available to individuals between the ages of 18 and 30, with no requirement for collateral or personal equity contributions. Eligible applicants can receive financing of up to MVR 150,000, providing aspiring entrepreneurs and freelancers with the necessary capital to launch or expand their ventures.

The facility offers a competitive annual interest rate of seven percent, along with an accelerated approval process that provides decisions within 24 hours. Customers will also have access to flexible repayment terms of up to five years, including a six-month grace period. Beyond financial assistance, SME Digital will offer business advisory support, mentorship, and training programs to help recipients develop and sustain successful enterprises.

In collaboration with SME Digital, we are introducing the Youth Entrepreneurship Financing facility designed to enable young Maldivians to establish micro and small enterprises and convert innovative ideas into sustainable businesses.

The financing facility was officially… pic.twitter.com/jFOg4FYOb3

— Bank of Maldives (@bankofmaldives) July 15, 2026

Speaking at the launch, Mohamed Shareef, CEO and Managing Director of Bank of Maldives described supporting young entrepreneurs today is an investment in the future of the Maldives.

“Through this MVR 1 billion financing scheme with SME Digital, we are helping aspiring entrepreneurs transform their ideas into viable businesses while building the skills and capabilities required for long-term success,” he said.

Badhurudheen Hassan, CEO and Managing Director of SME Digital, detailed that approvals are provided within 24 hours under the Youth Entrepreneurship Financing, a simple and seamless application process, and quick disbursements, enabling young entrepreneurs to turn their ideas into reality without delays.

“Together with Bank of Maldives, we are making entrepreneurship more accessible and empowering the next generation to begin their business journey with confidence,” he added.

The initiative highlights Bank of Maldives’ continued efforts to promote entrepreneurship, strengthen financial inclusion, and expand economic opportunities for the next generation of Maldivian business leaders.