Government of Jamaica

First Heritage Co-Operative Credit Union Micro & Small Business Loans


Name of Entity: 
First Heritage Credit Union (FHCU)

Brief Description: 

The landscape of the local marketplace has seen rapid growth in the small and medium enterprise sector over the past two decades. There has been a paradigm shift towards micro loan financing as an avenue to boost the employment sector, increase investments in the areas of manufacturing, technology, agriculture, eco - tourism and energy amongst others.

First Heritage Cooperative Credit Union Limited (FHC) acknowledges that Small and Medium Enterprises would be the catalyst to grow the Jamaican economy expanded their role in said sector making a model where Micro and Small Business who would become a key growth area.

Benefits: 

The objective is to target new and existing small and medium size entrepreneurs who require short to medium term financing to enhance businesses for working capital, purchase of stock and business expansion.

At FHC, our micro loan application process is quite simple. One of the basic requirements is that the members are part owners of the Credit Union. This will allow them to benefit from additional incentives such as dividends, interest on investments and value added products and services. Product diversification would increase the Credit Union’s revenue in the long term from new deposits and interest from lending. The micro and small business loan borrowers will also receive business coaching and financial advice to assist them in growing sustainable businesses and increase economies of scale.

Products and services include:

  • Micro Secured
  • Micro Unsecured
  • Small Business Secured Loans
  • Small Business Line of Credit
  • Energy Loans
  • Guaranteed Loans via DBJ – CEF Facilities
  • Field Services to members (Loan Officers reaching all regions)

Find Contact: 

7 Branches Island Wide, 2 Sub Branches
First Heritage Co-operative Credit Union
8-10 Eureka Road, Kingston 5
(Cnr. Ripon & Eureka Rds.)
Tel: (876) 929-5142, (876) 1-888-225-5472
Fax: (876) 926-2683

Learn More: 

The Ministry

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.

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4 St. Lucia Avenue, Kingston 5, Jamaica
Telephone: (876) 968-7116 
Fax: (876) 960-7422 
Email: ps_office@miic.gov.jm

Opening hours: 
Mondays - Thursdays 8:30 a.m. - 5:00 p.m.
Fridays 8:30 a.m. - 4:00 p.m.

 


 

The Ministry of Industry, Investment and Commerce - https://www.miic.gov.jm