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A GROWTH-INDUCEMENT STRATEGY FOR JAMAICA IN THE SHORT AND MEDIUM TERM

A GROWTH-INDUCEMENT STRATEGY FOR JAMAICA IN THE SHORT AND MEDIUM TERM

A GROWTH-INDUCEMENT STRATEGY FOR JAMAICA IN THE SHORT AND MEDIUM TERM

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Table 2A.4. Micro-Finance Institutions (MFI):<br />

Estimated Demand for Funds, FY2011/2012<br />

(J$Million)<br />

MFI Allotted<br />

(50% of MFI's NW)<br />

Balance<br />

Outstanding<br />

Projection<br />

2011/2012<br />

Micro Credit Ltd 22.5 4.2 12.0<br />

JN Small Business Loans Ltd. 196.0 75.0 48.0<br />

Nation Growth Microfinance<br />

Ltd.<br />

80.0 29.3 30.0<br />

Access Financial Services Ltd. 136.8 114.7 100.0<br />

Churches Cooperative Credit<br />

Union Ltd.<br />

338.9<br />

-<br />

25.0<br />

St. Thomas Cooperative Credit<br />

Union Ltd.<br />

46.4<br />

-<br />

10.0<br />

St. Elizabeth Cooperative<br />

Credit Union Ltd.<br />

74.9<br />

-<br />

25.0<br />

Total 895.5 223.2 250.0<br />

Note. There is wide regional distribution of these funds to allow for broad-based access.<br />

Source: Development Bank of Jamaica<br />

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