• JAMFIN convenes caucus to tackle de-risking

    Wednesday, July 19th, 2017

    The Jamaica Association of Micro Financing (JAMFIN) said it sees the de-risking policy being pursued by at least one commercial bank as a threat to bona fide micro finance companies that have been in business for years and have substantial lending portfolios. Under the de-risking policy, commercial banks across the Caribbean have been closing the […]

  • Micro-finance firm to launch factoring operation locally

    Friday, May 5th, 2017

    Money lending outfit Sprint Microfinance is moving to supply a need that it sees in the loan finance market called factoring, which, according to the company’s chief executive officer, Christopher Barrett, is not exactly new but expressed surprise that it was not yet been offered locally. “When I was doing my research, I called up […]

  • Micro-insurance market still evolving

    Thursday, April 27th, 2017

    Work on the legislative framework, “which will give effect to the implementation of micro-insurance in Jamaica”, continues. These remarks were made on May 5, 2016, by the acting deputy executive director of the Financial Services Commission (FSC), Janet Johnson-Haughton, at a seminar titled ‘Microinsurance through financial inclusion: The way forward’. Work connected with the development […]