Microfinance is widely viewed as a potent instrument for reducing poverty, enabling the poor to accumulate assets, and reduce their vulnerability to economic stress. Jamaica has a nascent microfinance industry primarily focused on providing microloans.
A €200,000 grant funding was approved by the Ministry of Finance of Luxembourg and the Ministry of Foreign and European Affairs. The areas of focus for the grant include:
Risk-management
Product development
Social performance management systems and procedures
Promotion of the Client Protection Principles (CPPs) and social performance ratings;
Expansion of microfinance to new client groups;
Knowledge sharing events and trainings.
The DBJ, being the government’s lead agency for the coordination of all related interventions in the microfinance sector, established a Microfinance Lending Window in 2009.
To strengthen the institutional capacity of micro finance institutions (MFIs) by providing wholesale funds on a rotating basis.
Development Bank of Jamaica
11a – 15 Oxford Road
Kingston 5
Telephone: (876) 929-4000, (876) 619-4000
Fax Number: (876) 929-6055
Welcome to the official website of the Ministry of Industry, Investment and Commerce.
The Ministry of Industry, Investment and Commerce is described as Jamaica's "Business Ministry." It's mandate is to lead the development of policies that will create growth and jobs, while achieving social inclusion and consumer protection. The Ministry, working its stakeholders is primarily responsible for business policy development, monitoring and evaluation, while giving direction and oversight to a cluster of implementing departments and agencies.
We have, therefore, placed much energy and enthusiasm into the development of this website to provide timely information on the Ministry, our agencies and programmes.
4 St. Lucia Avenue, Kingston 5, Jamaica
Telephone: (876) 968-7116
Fax: (876) 960-7422
Email: ps_office@miic.gov.jm