SME Digital has launched a Shariah compliant asset financing facility for micro, small and medium enterprises, with loans from MVR 100,000 to MVR 5 million available through the SME Portal. Unsecured loans run up to MVR 1 million over seven years, secured facilities up to ten years, with annual profit rates of 9 to 10.5 percent.
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Under the new offering, MSMEs can apply for financing between MVR 100,000 and MVR 5 million.
Word for word from the report in The Standard. Open the report
Unsecured options are available up to MVR 1 million with a tenure of seven years and a six month grace period.
Word for word from the report in The Standard. Open the report
The annual profit rate ranges from 9 percent to 10.5 percent.
Word for word from the report in The Standard. Open the report
SME Digital has rolled out a new Shariah compliant financing facility aimed at helping micro, small, and medium enterprises acquire essential business assets and boost operational productivity.
Word for word from the report in The Standard. Open the report