Maldives Finance and Leasing Company Pvt. Ltd. (MFLC) was founded in 2002 and was an initiative of the International Finance Corporation and the Maldives Monetary Authority to instill healthy competition and diversity to the local finance sector. The MFLC was running on a loss due to the high number of non-performing loans until Tree Top Investments Pvt. Ltd acquired the MFLC in April of 2014.
As of January 2015, the MFLC have experienced positive financial results with a performance ratio of over 50%.The MFLC is an institutional member of the Asian Financial Services Association and is also listed in the World Leasing Yearbook. The MFLC’s product line includes full payout finance leases for moveable assets, micro leases and Insurance Premium Financing. In July of 2015, as part of MFLC’s business expansion efforts acquired permit to issue Housing Finance.