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Shortlisted candidates for SME Loan Scheme

A total of 121 parties submitted applications for the first round of the SME Loan Scheme which was launched on 1 March 2011, before the deadline of 31 March 2011. The Ministry of Economic Development has compiled a list of candidates who did not meet the requirements, which is attached to this announcement. This list was compiled based on the detailed evaluation and limitations of the funds allocated for the loan programme.

The list of shortlisted candidates for different criterias is also attached to this announcement, which will be sent to the Bank of Maldives. The Bank of Maldives will issue loans to the selected parties after checking their credit history and collateral requirements. If any of the selected parties fail to meet the credit history or collateral requirements, loans will be issued to other eligible parties who meet the requirements in accordance with the balance funds for the loan. If such an incident does occur, the information will be announced publicly.

For further queries, please call 3333149 or 3333134.

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Ministry of Economic Development, Boduthakurufaanu Magu, Male’ 20125, Republic of Maldives
Phone: +960 3323668, Fax: +960 3323840 Email: