Gov’t Set to Disburse USD6.5 Million Women’s Loan Scheme
Photo: Ministry of Social and Family Development
Minister of Social and Family Development Dr Aishath Shiham has announced the forthcoming disbursement of a USD6.5 million women’s loan scheme, coupled with the introduction of a specialised loan initiative for small businesses.
The announcement was made during her address at the inauguration ceremony of the Hiyala Weekend Market.
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Part of the government’s 14-week roadmap, the Hiyala Weekend Market is a collaborative effort led by the Ministry of Economic Development and Trade, in conjunction with the Business Centre Corporation (BCC).
The primary objective of this initiative is to establish a dedicated marketplace in Hulhumale’ to promote and sell products created by women entrepreneurs. The market is slated to operate every weekend, offering a platform for local women to showcase and sell food and various locally crafted items.
Minister Aishath inaugurated the weekend market, underscoring its role in creating additional business opportunities for women entrepreneurs. She emphasised the market’s significance as a platform for women to collaborate towards shared goals.
During her address at the inauguration ceremony, Minister Aishath highlighted that the market serves as another avenue for presenting women’s products to the public. She confirmed the fulfilment of two pledges made by President Dr. Muizzu under his administration – the disbursement of the USD6.5 million women’s loan and the introduction of a specialised loan designed for small businesses.
The Hiyala Weekend Market, hosted at the Container Park in Hulhumale’ Phase I, is scheduled to take place every Friday and Saturday from 1600 to 1100 hrs.
