New Opportunities for Women Entrepreneurs as SDFC Announces Next Phase of 'Fashaa Madhadhu' Loans

The government is set to open applications for the second phase of the 'Fashaa Madhadhu' loan programme on 15 June, marking another step in its broader effort to support women entrepreneurs across the country. The programme, administered by the SME Development Finance Corporation (SDFC), is part of a structured initiative to increase financial accessibility and strengthen women's participation in business.

Developed in line with a pledge by President Dr Mohamed Muizzu, the scheme is designed to empower female entrepreneurs by providing targeted financial assistance. With economic inclusivity at its core, the programme aims to remove barriers that have historically limited opportunities for women in the business sector.

The loan scheme is being rolled out in five phases, with a total allocation of USD 6.49 million. Each phase, including the upcoming second stage, is designated USD 1.30 million. In a bid to widen access, 25 percent of available funds have been set aside for persons with disabilities, reinforcing efforts to ensure inclusivity.

Financial support is structured to assist individuals launching new businesses, with loans ranging from USD 6,485.88 to USD 32,429.58. Borrowers will be eligible for an annual interest rate of 6 percent, alongside a grace period of up to 12 months. Repayment is spread across seven years, ensuring manageable financial planning for recipients.

The programme's implementation brings together key government agencies, with the SDFC working in coordination with the Ministry of Economic Development and Trade and the Ministry of Social and Family Development.