Jamaica Micro Financing Association Urges Microfinancers to Lend to SMEs

Tuesday, April 29, 2014

“The greatest potential for growth and development lies with the MSME sector,” said Hurshel Cyrus, CEO of WorldNet Investment Limited, one of Jamaica’s leading microfinance institutions (MFIs).

He urged the microfinanciers to make best use of the opportunities created by the passage of the Security Interests in Personal Property Act (SIPP), and the establishment of the National Collateral Registry which is designed to improve commerce by expanding access to domestic credit while minimising the risks of loan default.

Source: Jamaica Observer (link opens in a new window)

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banking, lending, microfinance, SME finance