The Micro, small and medium enterprises (MSME) sector plays a major role in Jamaica’s economic growth and job creation, says Mrs Gillian Hyde, general manager, JN Small Business Loans (JNSBL).
“The JN Group loan company has been funding the sector since its inception in the year 2000; and MSMEs operate in many areas of the Jamaican economy; therefore, we need to ensure that they receive as much support as possible,” Hyde maintained.
She said, “These businesses can sustainably grow our economy, while continuing to generate employment. The Ministry of Industry, Commerce, Agriculture and Fisheries 2017 policy document reports that companies in the sector provide some 80 per cent of jobs in the economy.”
She also said that as the JNSBL celebrates its 19th year of operations in 2019, serving businesses in the agriculture, manufacturing, hospitality, retail, food, craft and the beauty sectors, the company will endeavour to increase its support.