Providing Improved Access to Finance
The Jamaica Manufacturers and Exporters Association (JMEA) provides improved access to finance through partnerships with the financial sector, private equity schemes and grant funding.
Our partnerships include an MOU with First Angels Jamaica Network for equity investments, non-collateralized loan facility with EXIM Bank, discounted credit facilities with Sprint Financial Services, capacity development under DBJ’s Voucher for Technical Assistance Programme and other grant funding opportunities where available.
Innovation Grant from New Ideas to Entrepreneurship (IGNITE) is a partnership project between the Development Bank of Jamaica (DBJ) and three Business Service Intermediaries (BSIs) including the Jamaica Manufacturers and Exporters Association (JMEA). IGNITE is a two-year grant project which targets innovative start-ups within specific key sectors, to help them accelerate the growth of their businesses. Beneficiaries received up to J$4 million dollars.
Initiated in 2015, the JMEA is responsible for supervising IGNITE beneficiaries over the life of the project to ensure proper financial management of the IGNITE funds and the project’s successful implementation.
Voucher For Technical Assistance
The Voucher for Technical Assistance Programme (VTA) is an initiative of the Development Bank of Jamaica (DBJ). VTA is a capacity building programme for Micro, Small and Medium Sized Enterprises (MSMEs) and is administered through Business Development Organizations (BDOs) such as the Jamaica Manufacturers and Exporters Association (JMEA). Under the programme, services are offered to the MSME sector at a seventy percent (70%) discount underwritten by the DBJ.
The JMEA provides the following:
- Mentorship and Coaching
- Business Plan
- Marketing and Promotional Plan
- Market Research
- Business Process Improvement
- Training Programmes
- Strategic Plans
The programme was developed to improve access to financing for MSMEs where poor financial record-keeping, inadequate business plans, management incapacities, and inadequate business knowledge were among the significant impediments to accessing such financing. It is expected to promote the overall sustained development and success of small businesses.