The Development Finance Institute Canada (DFIC) Inc, operating under the FinDev Canada brand, recently announced a US$20-million loan to JMMB Bank (Jamaica) Limited.

The loan is intended to support Jamaica’s small and medium-sized enterprises (SMEs) seeking capital to assist them in the creation and retention of jobs and to scale their businesses.

 

The loan to JMMB Bank is repayable in five years. The rate at which JMMB Bank on-lends the funds will be determined by the risk profile of individual borrowers; however, the bank said it will lend in line with its competitive and affordable positioning in the market.

https://www.jamaicaobserver.com/business-report/jmmb-increasing-funding-for-smes_241898?profile=1056