A loan scheme for women entrepreneurs to meet their business and financial needs.

Learn more about Women Entrepreneur Loans

For those Female Entrepreneurs engaged in Micro or Small to Medium Enterprises, to assist in their business and financial needs.

Manage your finances, Enjoy fast, convenient and 24 x 7 unlimited access to your account from anywhere in the world through Online & Mobile Banking or through our ATMs.

You can take a loan for various purposes including:

• Fixed working capital requirements
• Expansion of business
• Purchase of Machinery and Equipment for business

Loan Amount

• The minimum loan amount is MVR 25,000.00
• The maximum loan amount you can obtain is MVR 150,000.00
• Or can obtain a loan for twice the amount of balance held in your Fixed Deposit Account subject to a credit evaluation by the Bank
• After successful repayment of the first loan, second loan can be obtained for even higher amounts.
• Minimum balance to be held in the account for this purpose is MVR 25,000.00
• Interest Rate 9.5% p.a.
• Balance to be transferred to a Fixed Deposit Account matching the tenor of the Loan

Eligibility

• Business must be in operation for 2 years with potential for further expansion
• Financial statements for the most recent 6 months of your business must be submitted for review to the Bank
• Women engaged in business between 25 to 55 years of age.

How to Apply

• You can visit us and discuss your requirement with an officer. He/she will guide you through the loan application process. General Loan application form and hand over to the Bank with the required documentation. Remember to take a valid identity document or Passport if you are not an existing customer of the Bank. This is necessary for us to identify you.

Tenor Period

• 36 to 60 months

Preferred Collateral

• 2 Personal Guarantors