A new lobby group for micro-enterprises plans to establish a business school.
The Jamaica Association for Micro-Financing (JAMFIN) will provide "training and business development services to individuals and enterprises", according to the group's chairman, Blossom O'Meally-Nelson.
O’MEALLY-NELSON... JAMFIN aims to be a key player in national economic development
JAMFIN has also begun collaborative efforts to facilitate its online teaching venture.
Registered in 2010, the association has been building its programmes to meet its mandate of positioning the industry as a "key player in national economic development".
"JAMFIN is set to aid the regulation of the micro-financing sector as well as "give a face to members of the micro-lending sector", said Clifton McDonald of Niche Financing, a founding member of JAMFIN. "In the same way that members of the formal banking sector benefit from capacity building and the experience of that larger body, JAMFIN proposes to represent its members in a similar manner."
He noted that the association will also act as a mediator to hear consumer grouses as it seeks to improve the quality of service offered by micro-lenders.
"JAMFIN is for a sector that is not very well served in terms of the infrastructure," O'Meally-Nelson said, adding that the association intends to lobby for priority to be placed on the micro enterprise policy.
She identified the creative industry and the agro-processing sectors as niches for which the group intends to "advocate strongly".
Companies and individuals will also be able to access database of information on the micro- enterprise sector to be built by the association as part of its move to formalise the industry.
The association will receive funding and technical support from its founding members — First Union Financial Company, Kris and Charles Investments, ISP Finance Services, Niche Financing, and Allegro Investments.
The Jamaica Association for Micro-Financing (JAMFIN) will provide "training and business development services to individuals and enterprises", according to the group's chairman, Blossom O'Meally-Nelson.
O’MEALLY-NELSON... JAMFIN aims to be a key player in national economic development
   O’MEALLY-NELSON... JAMFIN aims to be a key player in national economic development #slideshowtoggler, #slideshowtoggler a, #slideshowtoggler img {filter:none !important;zoom:normal !important}  1/1  |
Registered in 2010, the association has been building its programmes to meet its mandate of positioning the industry as a "key player in national economic development".
"JAMFIN is set to aid the regulation of the micro-financing sector as well as "give a face to members of the micro-lending sector", said Clifton McDonald of Niche Financing, a founding member of JAMFIN. "In the same way that members of the formal banking sector benefit from capacity building and the experience of that larger body, JAMFIN proposes to represent its members in a similar manner."
He noted that the association will also act as a mediator to hear consumer grouses as it seeks to improve the quality of service offered by micro-lenders.
"JAMFIN is for a sector that is not very well served in terms of the infrastructure," O'Meally-Nelson said, adding that the association intends to lobby for priority to be placed on the micro enterprise policy.
She identified the creative industry and the agro-processing sectors as niches for which the group intends to "advocate strongly".
Companies and individuals will also be able to access database of information on the micro- enterprise sector to be built by the association as part of its move to formalise the industry.
The association will receive funding and technical support from its founding members — First Union Financial Company, Kris and Charles Investments, ISP Finance Services, Niche Financing, and Allegro Investments.