Government of Jamaica

SME Loan under the Foundations for Competitiveness & Growth Project (FCGP) for SMEs


Name of Entity: 
Development Bank of Jamaica/World Bank

Brief Description: 

The FCG Project is a USD$50 Million World Bank Loan Programme, comprising four (4) components to assist in driving firm competitiveness and growth. The Development Bank of Jamaica (DBJ) leads the management of the SME facilitation component valued at USD 27M / approximately JMD3 Billion. This is used to support supply chain grants and loans. Both facilities support the small business community to:-

  1. Increase productivity.

  2. Reap opportunities in environmental management and occupational health and safety.

  3. Enhance the business landscape to improve the level and quality of lending to micro, small and medium sized enterprises.

Loans may be used to replace and update equipment as well as to increase inventory, manage accounts payables and other working capital support. One important advantage of the facility is the number of years (ten) and the moratorium allowed. These are channeled through the highly- qualified DBJ Account Executives who facilitate the loans through six (6) commercial banks plus EXIM.

Benefits: 

All MSMEs per the official GOJ definition are eligible for the financing facility. Benefits to receiving a loan include possible improvement in productivity and efficiency.

Find Contact: 

DBJ/World Bank SME Loan Project
Development Bank of Jamaica
11a – 15 Oxford Road
Kingston 5
Telephone: (876) 929-4000, (876) 619-4000
Fax Number:  (876) 929-6055
growthloan@dbankjm.com

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: information@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