JN Small Business Loans Limited will in the New Year launch a low interest loan programme for clients who maintain a good credit history and strong relationship with the entity.
Philip Bernard, general manager of JN Small Business, said the company plans to offer rates as low as 10 per cent per annum to clients who qualify.
The money will be provided through a pool of funds created by JN Small Business, the Development Bank of Jamaica, National Insurance Fund and the Micro Investment Development Agency.
Pointing out that more than 70 per cent of JN Small Business clients secure 15 or more loans from the company, Mr. Bernard said micro-finance institutions have a responsibility to provide solutions that drive development.
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