As part of a strategic move to serve a larger segment of the growing micro and small business sector in St. Elizabeth and neighbouring parishes, JN Small Business Loans Limited (JNSBL) has added a branch to its network in the parish capital, Black River.
The branch, which was officially opened on September 7, increases to three the number of (JNSBL)locations in St. Elizabeth where persons may make applications for loans.
Frank Whylie, General Manager, (JNSBL), explained that the expansion of the company’s network will allow clients to conduct business in a context that removes them from banking halls, which are sometimes crowded.
“Manchester, St. Elizabeth, Clarendon and the Corporate Area are among the largest and busiest regions, where our loan portfolio continues to perform well,” Mr. Whylie affirmed, “our surveys also point to a growing number of entrepreneurs in these areas, who are in need of financing at favourable rates.”
Last year JNSBL disbursed more than 24,630 loans valued at $2.1 billion after it increased the loan amount under its BizGrow facility and reviewed its repayment terms to allow clients more flexibility when making payments. The company also added a loan product to cater to persons needs beyond their businesses, such as education financing, weddings, funerals and other personal activities.
Source: http://www.westernmirror.com/index.php/permalink/5758.html