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 repayments by way of salary deduction.
The new JaMFA chairman is Hurshell Cyrus (of WorldNet Investment Company), and the association’s secretariat is located on the Scotiabank building at Oxford Road in New Kingston.
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