In a press statement issued earlier today, JMMB group CEO Keith Duncan said “The new interest rate regime, facilitated by the Jamaica Debt Exchange (JDX), reopens many opportunities for a range of attractive financing and investment options for individuals and SMEs and JMMB has decided to pass on said benefits to both new and existing loan holders. JMMB’s Credit Unit is focusing on effectively partnering with individuals and SMEs in offering and/or providing access to low interest loans with a more simplified and welcoming approach.”

In light of the Government’s “reduced appetite for financing from the local market” JMMB said that it is now ready to explore options that pay, including providing commercial paper to companies that are seeking cheaper and more innovative means of financing than what currently prevails.

JMMB’s credit manager, Diane Bolton, said “We understand the acute challenges that entrepreneurs and business owners face in dealing with the traditional banking approach to financing SMEs. This partly accounts for the present low take-up of focused initiatives to support them. In recognition of this, our credit team is configuring its service delivery to provide the best value for total cost as well as to enable careful review of the businesses and identify/recommend resources to bolster the companies so they can better achieve their objectives — overall helping to make the process less painful.“

You can’t go wrong with an RBTT motor vehicle loan!

Financing:

• Up to 90% on new and used vehicles
• Financing for vehicles up to five years old
• Up to 6 years to repay
• Flexible terms
• Conditions apply

For more information, please call 960-7288, or visit your nearest RBTT branch.

Responsibilities

• Reporting directly to the General Manager
• Responsible for approval of in house/same day loans
• Analysis of loans application for approval by Credit Committee
• Work with delinquency officers to minimise delinquent loans
• Develop and monitor small and micro loans
• Supervision of loans officers
• Review of loans portfolio to strengthen weaknesses

Requirements

• Certificate in business (minimum)
• At least three (3) years experience in similar position
• Exception interpersonal skills
• Sound judgment
• Good analytical skills
• Accounting experience (an advantage)

Applications to be submitted in writing to:
“Loans Manager”
P.O. Box 150
Falmouth

• Ease the pressure … of your COK Loan payments
• Visit or call us by May 31st
• If you’re having challenges making your COK loan payments or think you will … send us an email or come in and we’ll talk. We’re willing to work with your to make your payments easier. Let us help ease the pressure

Contact the COK Sodality Co-operative Credit Union Ltd. by calling 1-888-225-5265, or by emailing contactus@cokcu.com

In terms of personal loans, credit for the purchase of motor cars declined by 2.4%, following a 1.6% reduction in the previous quarter.

The BoJ says the increase in the rate of decline was influenced by a reduction in household income, as well as a fall off in spending which may be influenced by the government’s announcement of public sector rationalisation.

Yesterday’s Sunday Gleaner has a new C&WJ Credit Union Motor Car Loan ad which speaks to the fact that financing your car through them is now more affordable, with interest rate starting at 16.5% p.a. on the reducing balance.

They finance motor cars up to ten years old, and share equity starting at 10%. Conditions apply.

Additional details:

• Group insurance scheme coverage and insurance premium financing available.
• Free loan protection coverage (up to $1 million)
• Free life savings insurance (up to $700,000)

C&WJ (Communications & other Workers of Jamaica) Co-operative Credit Union Ltd. Visit the nearest branch (Kingston, St. Ann’s Bay, Mandeville or Montego Bay), or calll 936-3800 for more details. You may also email cwjcu@cwjamaica.com

LESS STRESS!
Get a COK Home Equity Loan and lower your debt repayments.

Rates reduced to as low as 17.5%

Put the equity you have in your house to use! Get a home equity loan from COK and consolidate all your high interest debt, start your own business or further your education!

Term extended from 10 to 15 years with only 5% share requirement.

For more information, call 960-4226 or 1-888-225-5265 or email contactus@cokcu.com

Need a loan quick?

Call 1-888-MR-DOLLAR and use your tools, jewellery or electronics as collateral to get a loan in 5 minutes. Pawnshop, Kingston – 906-8571, Mandeville – 625-1691, Christiana – 964-2088, Santa Cruz – 966-3202.

Here are the details from the ad today:

Buying a car just got a lot easier

• New lower rates
• Better repayment terms
• Interest rates as low as 16.95% *
• Up to 7 years to repay *
• Borrow to purchase vehicles up to 7 years old *

* Conditions apply

For more information, call 1-888-225-5342 or email fgb@gkco.com