SME Digital has introduced a range of Shariah-compliant financing products for small and medium-sized enterprises (SMEs) within four months of its rebranding.

The company said SMEs are the backbone of the Maldivian economy, including home-based businesses, guesthouses and women-led enterprises. However, many face challenges in accessing timely and affordable financing to grow and sustain their operations.

To address this gap, SME Digital has launched financing options to support businesses from startup to expansion. The company offers up to MVR 100,000 for new startups and small businesses. Women entrepreneurs can access up to MVR 250,000 without collateral.

For business expansion and asset acquisition, financing of up to MVR 5 million is available, including up to MVR 1 million without collateral. Under its Vessel Financing scheme, up to MVR 5 million is offered for the construction and purchase of marine vessels.

A special facility of up to MVR 500,000 has also been introduced for content creators and photographers, with up to MVR 150,000 available without collateral.

In the tourism sector, SME Digital provides up to MVR 10 million for the development and expansion of guesthouses with more than six rooms, and up to MVR 1.5 million for new owners to start small homestays or guesthouses.

CEO Badruddin Hassan said the goal is to provide accessible financial solutions for businesses of all sizes and strengthen the national economy by creating more opportunities and jobs.

SME Digital’s services are accessible online through its website, allowing applications from any island in the Maldives.