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BML Stands with Fishermen: ‘Empowering Livelihoods with Tailored Financial Solutions,’ Says CEO Shareef
The Bank of Maldives (BML) has signed a Memorandum of Understanding with the Ministry of Fisheries and Ocean Resources to offer fishermen registered on the National Fishermen's Register tailored credit, including personal financing of up to MVR 300,000 without collateral and flexible repayment schedules. The agreement also opens various home financing options to eligible fishermen, with applications available through BML's Internet or Mobile Banking App.
This collaboration allows us to provide financial solutions that recognize the unique earning patterns and seasonal challenges faced by our fishermen, supporting their livelihoods in a sustainable manner.
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MVR 300,000Personal financing limit for registered fishermen without collateral or equityThe Standardfishermen registered on the National Fishermen’s Register can now access a suite of credit facilities, including personal financing up to MVR 300,000 without the need for collateral or equity.
Word for word from the report in The Standard. Open the report