Financing Products
Fursad Maal
Fursad Maal finances vehicles and business equipment for young entrepreneurs and transport service providers.
Sharia modelMurabaha, Musharakah, Mudarabah, Qard Hasan
Overview
About this product
Fursad Maal is an Islamic financing product offered by Midnimo Microfinance to support young entrepreneurs and transport service providers across Somalia.
The product provides Sharia-compliant financing that enables youth and drivers to acquire business assets, expand transport services, create employment opportunities, and build sustainable livelihoods through ethical financial solutions.
- Financing for transport and income-generating businesses
- Flexible repayment options
- Sharia-compliant financing models
- Business development support
- Financial literacy and entrepreneurship guidance
Fursad Maal contributes to youth employment, economic growth, financial inclusion, and sustainable community development throughout Somalia.
Product visuals
How this service works
Simple visual materials that help clients understand the product and its benefits.
Product visual
Who it serves
- Young entrepreneurs
- Taxi drivers
- Bajaj drivers
- Bus operators
- Truck owners
- Logistics service providers
- Ride-hailing drivers
- Youth-owned transport businesses
- Delivery service providers
- Small transport enterprises
What can be financed
- Vehicle purchase
- Taxi business
- Bajaj purchase
- Bus operations
- Truck business
- Delivery vehicles
- Vehicle maintenance and upgrades
- Spare parts and accessories
- Transport business expansion
- Working capital
Key benefits
- Sharia-compliant financing
- Fast application process
- Flexible repayment options
- Affordable financing solutions
- Business growth support
- Financial literacy training
- Youth employment support
- Professional customer service
Community impactBeyond the individual
Community & social benefit
Impact beyond the individual
Fursad Maal promotes youth employment, strengthens the transport sector, supports entrepreneurship, increases household income, expands access to ethical financing, and contributes to sustainable economic development across Somalia.
See our wider impactExplore more
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Sharia-compliant financing designed to support the growth, expansion, and sustainability of small and medium enterprises across Somalia.
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E-Fursad
E-Fursad is a Sharia-compliant electronic financing solution that enables individuals and businesses across Somalia to access smartphones, laptops, tablets, and other essential digital devices through affordable and flexible payment plans.
Learn moreReady to apply for Fursad Maal?
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