WebJan 22, 2024 · The finance minister told the House that the legislation seeks to, among other things: License and regulate microcredit institutions that provide financing to individuals and micro, small and... WebNov 2, 2024 · The Microcredit Act, passed in January last year, is aimed at licensing and regulating microcredit institutions that provide financing to individuals, micro, small and medium sized enterprises. Under the Act, Bank of Jamaica is charged with general administration, as well as the supervision of microcredit institutions.
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WebMar 2, 2024 · In Jamaica, microcredit institutions have emerged as an important source of financing for the underserved, including lower income-earning individuals and micro, small and medium-sized enterprises (MSMEs). MSMEs are the lifeblood of our economy and account for the vast majority of employment and economic activity. WebMay 14, 2024 · Minister of State in the Ministry of Industry, Investment and Commerce, Dr. the Hon. Norman Dunn, is encouraging microfinance institutions (MFIs) to get ready for … oakgrove rtc ca
MICROCREDIT REGULATION - Bank of Jamaica
WebThe DBJ has lent over $11.9 billion to Micro Finance Institutions (MFI) since the Micro Finance Window was established in 2009. The Bank is cognizant of the role that micro, … WebJun 28, 2024 · The Microcredit Act, which was passed in January of this year, seeks to regulate and license microfinancing institutions that offer financial services to individuals … WebApr 10, 2024 · Balance Sheet as at 08 March 2024. Notices. Balance Sheet as at 08 March 2024. Loading…. Download [1.63 MB] Net International Reserves (NIR) end – March 2024. 30-day CD Auction Press Release – 11 April 2024. oak grove ruritan club