The structure has been designed to support sustainable business growth by providing flexible and accessible financing terms aligned with the operational requirements of vessel-related businesses.
Kumbatia Seafood
SME Digital has today launched a new financing product, “Vessel Financing”, to support SMEs engaged in vessel-based businesses, including fishing, tourism, cargo, and logistics.
The facility offers financing of up to MVR 5,000,000, with a repayment tenure of up to 10 years, including a grace period of up to 18 months. The structure has been designed to support sustainable business growth by providing flexible and accessible financing terms aligned with the operational requirements of vessel-related businesses.
This financing marks an important step in strengthening vessel-based businesses, which play a vital role in the Maldivian economy. Vessel Financing will facilitate access to financing for essential requirements, including vessel purchase and construction, as well as mechanization across fishing, tourism, cargo, and logistics. Our aim is to enable opportunities across key sectors and provide long-term solutions to the challenges faced by SMEs as they contribute to national economic growth.
Vessel Financing is designed to support both new entrants to vessel-based businesses and existing businesses by facilitating access to financing for the construction or purchase of vessels, as well as for mechanization, renovation, and maintenance works.
