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Access Financial Targets Small Businesses
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 [...]
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”, [...]
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 [...]
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 [...]
Continue reading...Borrowing Can Improve Standard Of Living
6. October 2009
According to a study (which was conducted and completed towards the end of 2008) that was done by the Tropical Medicine Research Institute at the University of the West Indies, Mona, being a Jamaica National (JN) Small Business Loan (JNBSL) beneficiary can significantly improve your standard of living. The research team, which ws led by [...]
Continue reading...Information Required – When Applying For A Micro Or Small Business Loan
24. September 2009
Interested in applying for a micro or small business loan? Here’s some key information that you typically need when applying for this loan at institutions here in Jamaica: An I.D. (passport, driver’s license or national (voter’s) I.D.) A TRN number A telephone contact number Two passport size photographs A new or existing business that has [...]
Continue reading...Self Start Fund For Small & Micro Business Entrepreneurs
20. September 2009
Here are some details from an advertisement that was in today’s Sunday Gleaner newspaper: ATTENTION!! ATTENTION!! ALL SMALL AND MICRO BUSINESS ENTREPRENUERS Do you need to expand or start your own business. Then let the SELF START FUND assist you with financing. For more details, please telephone 929-8441 or 920-0428 (Mondays to Fridays, 9 a.m. [...]
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30. November 2009
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