Speaking yesterday in Parliament during his contribution to the 2010/11 Sectoral Debate, Commerce Minister Karl Samuda announced that the Government plans to provide $750 million in loans to entities in the micro sector (for the fiscal year which began on April 1). This will reportedly bring the total amount of funds available for lending to micro, small and medium-sized enterprises (MSMEs), through both the private and public sectors, to approximately $6.7 billion.
As a result of the Government’s new initiative, institutions that lend to the MSME sector – such as the Jamaica National (Building Society), Nation Growth (MicroFinance Limited) and Access Financial Services – will be able to access more funds for on-lending. Funding will also be accessible through a number of institutions including Micro Investment Development Agency (MIDA), Development Options Limited (DOL), Pan Caribbean and the Self Start Fund (SSF).
August 30th, 2011 at 10:42 am
Hello,I am Trying to find a loan to start up a shop