Jamaica SME Finance : Technical Note

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作者：

World Bank

来源地址：

http://hdl.handle.net/10986/21909

关键词：

TAX INCENTIVES;  FINANCIAL SERVICES;  CO-OPERATIVE BANK;  LINES OF CREDIT;  ECONOMIC GROWTH;  REPAYMENT CAPACITY;  DEPOSITS;  BUSINESS COMMUNITY;  MONEY LAUNDERING;  FINANCING;  ALTERNATIVE SOURCES OF FINANCE;  INTEREST;  INSTITUTIONAL INVESTORS;  PROPERTY AS COLLATERAL;  DEPOSITORY INSTITUTIONS;  PRIVATE CREDIT;  BANKING SERVICES;  ENTREPRENEURS;  FORMAL FINANCIAL SECTOR;  CAPITAL STRUCTURE;  EQUITY FINANCING;  CAPITAL ADEQUACY;  INFORMATION SHARING;  CAPACITY BUILDING;  LOAN;  PROFESSIONAL QUALIFICATION;  CREDITWORTHINESS;  FEE;  LOAN AMOUNT;  BORROWERS;  PAYMENTS;  BANKRUPTCY;  BUSINESS LIFE;  LABOR FORCE SURVEY;  INFORMATION ASYMMETRIES;  MFIS;  SMALL BUSINESS;  ENFORCEMENT MECHANISMS;  LOAN DOCUMENTATION;  TECHNICAL ASSISTANCE;  INDEBTEDNESS;  FINANCIAL INSTITUTION;  HIGH INTEREST RATES;  LOAN DEFAULTS;  COMMERCIAL BANK;  MORAL HAZARD;  PARTIAL CREDIT;  BANK ASSETS;  FINANCIAL INSTITUTIONS;  PAYMENT;  DEBT;  BARRIERS TO ENTRY;  LIMITED PARTNERSHIPS;  MICRO LOANS;  PUBLIC FINANCE;  CONSUMER FINANCE;  VENTURE CAPITAL;  ECONOMIC REFORMS;  CREDITWORTHY FIRMS;  ENTERPRISES;  FARMERS;  INVESTMENT OPPORTUNITIES;  LOAN CATEGORIES;  BANK CREDIT;  APPROVAL PROCESS;  CAPITAL INVESTMENTS;  PENSION FUNDS;  CONSUMER LENDING;  TERM CREDIT;  FINANCING COSTS;  BANK DEPOSITS;  BANKS;  UNIONS;  DEBT FINANCING;  MOVABLE COLLATERAL;  BUSINESS FINANCE;  CAPITAL;  PRIVATE FUNDS;  INSTALLMENT;  ACCESS TO FINANCE;  BUSINESS DEVELOPMENT;  CONVENTIONAL BANK;  BANK;  ACCESSIBILITY;  HOUSEHOLD;  POOR CLIENTS;  CREDIT INFORMATION;  LOAN PORTFOLIO;  CREDIT GUARANTEE;  SECURITIES;  FINANCIAL INFRASTRUCTURE;  MICROCREDIT;  PROFITABILITY;  CREDIT RISK;  MICROFINANCE;  FINANCIAL SECTOR ASSESSMENT;  BANK LOAN;  EMPLOYER;  LACK OF AWARENESS;  CREDIT GUARANTEES;  FINANCIAL INTERMEDIATION;  FINANCIAL INTERMEDIARIES;  COMMERCIAL BANKS;  HOUSEHOLDS;  CAPITAL REQUIREMENT;  ABUSIVE LENDING;  FINANCIAL ASSETS;  MICRO CREDIT;  LOAN AMOUNTS;  SMALL BUSINESS LOANS;  CREDIT REPORTS;  CHAMBER OF COMMERCE;  BANKING SUPERVISION;  FEES;  ENTREPRENEUR;  ARREARS;  COOPERATIVE;  CREDIT LINES;  DEVELOPMENT BANK;  CREDIT REGISTRY;  CASH FLOW;  CREDIT MARKET;  EMPLOYEES;  MFI;  MICROFINANCE INSTITUTION;  LINE OF CREDIT;  DEPOSIT;  CAPITAL MARKETS;  CREDIT CARDS;  PEOPLE;  CREDIT ENHANCEMENT;  FISCAL DEFICITS;  FINANCIAL LITERACY;  GUARANTEES;  DEVELOPMENT OF VENTURE CAPITAL;  INTEREST RATE;  STOCK MARKET;  RESERVE REQUIREMENTS;  BANK ACCOUNT;  BUSINESS ASSOCIATION;  MORTGAGE;  WELFARE;  MORTGAGE LENDING;  SOURCES OF FINANCE;  ASYMMETRIC INFORMATION;  COMMERCIAL LOAN;  BUSINESS ASSOCIATIONS;  SAVING;  CREDITORS;  CREDITOR;  CAPITAL FINANCE;  LENDER;  BANK LENDING;  PUBLIC CREDIT;  DEVELOPMENT CORPORATION;  LACK OF CREDIT;  ANTI-MONEY LAUNDERING;  HOUSEHOLD DEPOSITS;  BUSINESS LOANS;  FISCAL POLICIES;  HIGH INTEREST RATE;  SMALL BUSINESS ASSOCIATION;  SAVINGS;  START-UP;  CREDIT UNIONS;  CREDIT BUREAUS;  UNION;  PUBLIC FUNDS;  INTEREST RATES;  ELIGIBILITY CRITERIA;  LENDERS;  MICRO-ENTREPRENEURS;  ACCOUNTS RECEIVABLE;  LACK OF COLLATERAL;  LOANS;  MICRO FINANCE;  FINANCIAL SYSTEM;  SMALL BORROWERS;  REAL ESTATE;  FINANCE;  FOREIGN CURRENCY;  ADMINISTRATIVE COSTS;  PROFIT MARGIN;  GOVERNMENT SECURITIES;  SMALL LOANS;  COLLATERAL REQUIREMENTS;  MICRO-CREDIT;  EQUITY;  CORPORATE DEPOSITS;  OPERATING COSTS;  SMALL ENTERPRISES;  FAMILY;  MONEY LENDING;  CREDIT;  MICRO- ENTREPRENEURS;  VENTURE CAPITAL INVESTMENTS;  FINANCIAL INSTRUMENTS;  BOND MARKET;  WORKING CAPITAL;  URBAN AREAS;  DOCUMENTATION REQUIREMENTS;  REPAYMENT;  ENTERPRISE;  PROPERTY;  CREDIT REPORTING;  BALANCE SHEET;  TRANSACTION COSTS;  GUARANTEE SCHEME;  ABSENCE OF CREDIT;  FINANCIAL SERVICE;  CREDIT UNION;  GUARANTEE SCHEMES;  ACCESS TO CREDIT;  AGRICULTURAL PRODUCTS;  INTERESTS;  PROVIDERS OF CREDIT;  MICRO-ENTERPRISE;  SECURITY;  BANK LOANS;  INVESTMENT;  COLLATERAL;  BALANCE SHEETS;  BORROWINGS;  BUSINESS PLANS;  COOPERATIVES;  INVESTMENTS;  MERCHANT;  OUTREACH;  ACCOUNTS RECEIVABLES;  PUBLIC BANK;  FORMAL CREDIT;  CREDIT RELATIONSHIP;  MORTGAGE MARKET;  SMALL BUSINESSES;  GUARANTEE;  CONSUMER PROTECTION;  BUSINESS TRAINING;  Report;  Rapport;  Informe; 

年份：

2015

出版地：

Washington,USA

语种：

English

摘要：

Almost all formal small and medium enterprises (SMEs) in Jamaica have access to checking or saving accounts, but the financial sector is scarcely used to finance their investments. The lack of funding for the SME sector, or its high cost, has a negative impact on entrepreneurship and business profitability and stability through the business life-cycle, having a particularly negative effect on employment. In addition, the supply of formal nonbank sources of finance is limited, especially for micro-entrepreneurs, with credit unions providing mostly consumer finance and an underdeveloped microfinance sector. The authorities aim to develop a micro-credit act to make it mandatory for multilateral investment funds (MIFs) to register, and to create a regulatory authority to oversee microfinance institution (MFIs). The authorities have taken significant initiatives to enhance the legal and regulatory environment and financial infrastructure, but further efforts are needed. The authorities have also put in place public programs for micro, small, and medium sized enterprise (MSME) finance, however they lack sufficient coordination, and the partial credit guarantee scheme needs to be revamped. It also operates a partial credit guarantee scheme, which is not being utilized by lenders. Thus, its design should be reviewed and revamped to ensure adequate incentives for lenders to use it and its sustainability.