Development Credit Authority Agreement

Project Title: 
Development Credit Authority Agreement

Project Overview:
Country: Jamaica
Duration: 2015 – 2023

Contractor(s)/Grantee(s):
Access Financial Services, & JN Small Business Loans LTD.

Objective:
The Development Credit Authority (DCA) uses partial credit guarantees to share risk with local financial institutions in order to open financing for underserved sectors. These guarantees are backed by the US treasury. The DCA’s partnership with Jamaica is to strengthen the ability of banks to provide loans to micro and small and medium enterprises involved in the renewable energy activities, business start-up, craft, tourism, hotel and manufacturing, mining, and information technology industries.