SME Development Finance Corporation (SDFC) has introduced a new financing service aimed at supporting Maldivian content creators and film producers.

Under the scheme, content creators, influencers, videographers, and filmmakers can access loans of up to MVR 500,000. Financing of up to MVR 150,000 will be available without collateral, while larger loans of up to MVR 500,000 can also be provided.

The loans will carry an annual interest rate of 9.5 percent, with repayment periods of up to five years and a grace period of up to six months. According to SDFC, the facility is designed to help creators cover production costs, purchase equipment, and expand their businesses.

SDFC Managing Director Badruddin Hassan highlighted the importance of supporting the creative economy, describing it as one of the fastest growing sectors worldwide.

“With this financing facility, we want to ensure that content creators, filmmakers, and digital creators have the resources they need to showcase their creativity in a global context. This is not just a financing product, it is an important investment in talent, new creations, and the future of the Maldivian economy,” he said.

Applications for the financing scheme are now open and can be submitted via the SME portal on the SDFC website, www.sdfc.mv.