Hon. Karl Samuda addressing a Micro Finance Institutions Meeting hosted by the Jamaica Association for Micro Finance chaired by Dr. Blossom O'Meally-Nelson on May 18, 2016.
MICROCREDIT BILL FAR ADVANCED
The draft Microcredit Bill, which aims to create an authority to regulate micro financing firms, is in an advanced state. This was disclosed by Minister of Industry, Commerce, Agriculture and Fisheries, Hon. Karl Samuda, at a Microfinance Institutions meeting, held at the Ministry’s New Kingston offices on May 18. He noted that the legislation will assist in the registration and regulation of micro- credit lending companies that provide financing to the Micro, Small and Medium-sized Enterprise (MSME) sector. The Bill will allow the entities to be licensed, while also providing measures for...
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