Category - Jamaica Microfinance Act

Caribbean microfinance Jamaica Microfinance Act Jamaica Moneylending Act Microfinance Microfinance institutions

CARIBBEAN MICROFINANCE: TIME FOR A “RE-SET”?

CARIBBEAN MICROFINANCE: TIME FOR A “RE-SET”? Dr. Winsome Leslie (02 June 2019) — In Jamaica, the recent tabling of the long-awaited Microfinance Act in parliament, has once again brought the issues in the microfinance industry there into sharp focus, and more specifically, the high interest rates being charged by institutions in the sector. This legislation not only seeks to regulate “microcredit institutions”, but it also includes a proposed cap on microcredit interest rates...