MFLC was set up in 2001 and commenced operation in June 2002. Establishing a formal leasing industry in the Maldives was an initiative of the International Finance Corporation and the Maldives Monetary Authority. The primary objective of setting up the company was to diversify the Maldivian financial sector. In April 2014, MFLC was acquired by Tree Top Investments Pvt Ltd, a company that was founded in 2013 by a group of successful businessmen with illustrious careers. MFLC’s primary objective is to provide finance leases of movable assets to small and medium scale business enterprises in the Maldives. However, it offers micro-leases to professionals who are employed in the Civil Service, and other private sector companies of repute as well.
PRODUCTS & SERVICES:
Presently, the company is engaged in providing finance leases of marine vessels, plant, machinery, equipment, and vehicles to the commercial sector and in micro-financing of motorbikes, consumer durables to individuals. Further, the company provides home improvement loans as well. MFLC’s products include Finance Lease, Hiyaa Faseyha, Salhi Lease, Direct Lease, Lifestyle Lease, V Lease, Debt Factoring and Housing Loans.