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The Fair Trading Commission just published a study on loan recovery practices it included Micro Finance Institutions. This is an indication of what is to come when the Micro Credit act comes into force
The Associations that speak for payday lenders, JamFin & JamFa are heading into more talks this week to reinforce their message to members – that some of them may have to merge to survive.
Read more: https://t.co/AQqvQvvNY8 #GLNRFinance
JAMFIN prepared to provide services for a regulated microfinance sector
Read our Press Release related to the recently passed Microcredit Act.
https://t.co/kbKMK0eXjq
#microfinance#smallbusiness#regulations
https://t.co/heP6d0YeLo
The Jamaica Association of Micro Financing Limited, JAMFIN is raising concerns about legislation being proposed for the regulating of the sector.
Its Chairman says members want a legal framework that’s developmental and not purely punitive.
https://t.co/sJZ3RIu7nc