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Scotiabank Launches SME Business Loan
By way of press releases and full-page ads in both major daily newspapers today, Scotiabank has launched a new Small & Micro-Enterprise (SME) Business Loan – a fixed-loan rate, that’s aimed at stimulating activity and development of the small-medium enterprise (SME) sector over the next 12 months. A press release from Scotiabank stated, “Effective today [February [...]
Continue reading...Torpedo Micro Loan Financing
31. January 2010
Torpedo Micro Loan Financing has advertised in today’s Sunday Gleaner newspaper, offering fast approval, competitive interest rates, no guarantor and no collateral on its micro finance loans. According to the newspaper ad, they offer loans for all purposes: Funeral expenses School fees Medical expenses Motor vehicle repair Home improvement Vacation Party Pay day advance Business investment Their goal: Making loans easy and affordable. Contact them today at: Shop [...]
Continue reading...JN Small Business Loans Ltd. Offers Its BizLoans
10. December 2009
As advertised in today’s Gleaner newspaper: Starting or expanding a small business? JN Small Business Loans Ltd. Biz Loans BizStart Micro Business (Start-up) Loan This one is for you if you are starting a micro business in manufacturing, agriculture, agro-processing, trading or general services. Borrow a maximum of $84,000 for a first loan and repay within 30 weeks. BizGrow Small Business [...]
Continue reading...Access Financial Targets Small Businesses
30. November 2009
In a recent round of newspaper advertising, Access Financial Services Ltd. is pointing small businesses at its loan products. The ad reads: Give your business the winning edge with a loan from Access. Why Access: Access understands the needs of small and micro business and tailors its products to meet those needs. We offer: Low interest rates, quick [...]
Continue reading...Access Financial Services Christmas Loan Treat
15. November 2009
Micro-lender Access Financial Services Ltd. has a special “Christmas Treat” advertisement in today’s Jamaica Observer newspaper. It states: “Be merry this Christmas with a loan from Access Financial Services Ltd. Get a new or repeat loan by December 31, 2009 and benefit from reduced interest rates and get great surprises.” For more information, call 1-888-GET-ACCESS
Continue reading...DBJ To Make J$1B Available To Micro & Small Businesses Via Loans
7. November 2009
Minister of Finance & The Public Services Hon. announced recently that the Development Bank of Jamaica (DBJ) will make J$1 billion available to support micro and small businesses. He said that this had become necessary due to the challenges – related to the provision of collateral for loan applications – which businesses operating in these [...]
Continue reading...Attempt To Bring Bangladesh-based Grameen Bank to Jamaica Stalled
6. November 2009
Attempts by the Chris Blackwell-led groups, Island Outpost and Island Jamaica, to bring the Bangladesh-based Grameen Bank to Jamaica have reportedly been stalled by their failure to raise the US$2 million (J$180 million) in equity capital required for the venture. Based in Bangladesh, the Grameen Bank is known internationally as the “bank of the poor”, with [...]
Continue reading...Audley Shaw Says Micro-Financiers Should Lower Their Loan Rates
5. November 2009
Speaking recently at the launch of the new Jamaica Micro-financiers Association Limited (JaMFA), Minister of Finance Audley Shaw said that Jamaica’s microfinan-ciers apply too big a markup to the credit that they issue to borrowers, and that they should look to lower their rates or get left holding their cash while the productive sectors seek [...]
Continue reading...Newly Launched Microfinancing Association Invests In Creditor Database
29. October 2009
The Jamaica Micro-financiers Association Limited (JaMFA), which was launched yesterday, has announced that they have invested in a searchable database for Jamaican borrowers, one that can be used by its members and others to keep track of clients and the collateral that they have used for loans. It is hoped that the database will help members [...]
Continue reading...Jamaica Microfinancing Association Launched
29. October 2009
The newly formed Jamaica Micro-financiers Association Limited (JaMFA) was launched yesterday. It has been announced as an entity that seeks to change the image and conduct of moneylenders in Jamaica’s micro-finance sector. Another of its goals is to be recognised by both private and public employers who, in the past, often refused to permit loan [...]
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3. February 2010
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