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Phase 2 opens 1 November 2026

Business Plan for Youth Entrepreneurship Financing

Up to MVR 150,000 at 7% for Maldivians aged 18–30. Before you apply, check the monthly repayment — and whether your business can cover it.

Funderly is independent and not affiliated with BML or SME Digital. Confirm current terms with the bank.

What would you repay each month?

At a 7% profit rate over five years. If the six-month grace period comes out of the five years, the loan is repaid over 54 months instead.

LoanMonthly (60 months)Monthly (54 months)Profit needed / month*
MVR 50,000MVR 990MVR 1,082MVR 1,238
MVR 100,000MVR 1,980MVR 2,164MVR 2,475
MVR 150,000MVR 2,970MVR 3,246MVR 3,713

*Profit before loan payments at a DSCR of 1.25 on the 60-month schedule — a common lender benchmark. Estimates only; your bank confirms the exact schedule.

Check your own numbers

Pre-filled with MVR 150,000 at 7% over 5 years — type over it with your expected sales and costs.

Showing example numbers — type over them with yours.

Your business, per year

Costs: rent, salaries, stock, utilities. Leave out loan payments.

The loan

Your loan coverage (DSCR)

1.40

The business makes 1.40 for every 1 it owes in loan payments.

Looks healthy

Banks usually want at least 1.25. You have room to spare.

Monthly payment
2,970
Most you could borrow*
168,340

*At the same rate and term, keeping coverage at 1.25.

Start free. Not a guarantee of approval.

What your business plan should show

Whatever the application form asks for, a lender wants to understand these four things.

What you’ll sell, and to whom

A clear description of the business, your customers, and why they’ll choose you over what already exists.

What the money is for

Startup costs and how the loan will be used — equipment, fit-out, stock, working capital.

Monthly sales and running costs

Realistic monthly revenue and costs, including how long it takes to reach full sales.

Proof you can repay

Profit before loan payments that covers the repayment with room to spare — a DSCR of 1.25 or more.

Start your plan free

Describe your idea. Funderly builds the analysis and, on paid plans, the financial projections and repayment check — exported to PDF, Word and Excel. Islamic financing (profit rate) supported.

Questions

A financing facility from Bank of Maldives (BML) and SME Digital for Maldivians aged 18 to 30. It offers up to MVR 150,000 without collateral, at a 7% profit rate a year, repaid over five years with a six-month grace period. Phase 2 opens for applications on 1 November 2026. Check SME Digital and BML for the current terms and requirements.

At 7% a year over the full 60 months, MVR 150,000 is about MVR 2,970 a month, MVR 100,000 about MVR 1,980 and MVR 50,000 about MVR 990. If the six-month grace period comes out of the five years, the same amounts are repaid over 54 months: about MVR 3,250, 2,160 and 1,080 a month. Your bank confirms the exact schedule.

Lenders commonly look for a debt service coverage ratio (DSCR) of at least 1.25 — profit before loan payments of at least 1.25 times the repayment. For MVR 150,000 over 60 months that is roughly MVR 3,700 a month in profit before loan payments. Use the DSCR calculator to check your own numbers.

No. Funderly is an independent business planning tool and is not affiliated with BML, SME Digital or any lender. It helps you prepare a business plan and financial projections; the bank makes its own decision.

Funderly helps you prepare: market and competitor analysis, a business plan, and formula-driven financial projections you can export to PDF, Word and Excel. The Lender plan adds DSCR and a full repayment schedule, and Islamic financing (profit rate) is supported. You submit your application to the bank yourself.

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