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Exporters strike deal with Creditinfo for credit information

Published:Friday | May 20, 2016 | 12:00 AM
Michelle Chong, president of the Jamaica Exporters Association.

The Jamaica Exporters' Association (JEA) has reached an agreement with credit bureau Creditinfo Jamaica, allowing its members and their employees to access the credit history of clients and others with whom they do business.

Exporters will have access to the credit bureau's services free for three months and at 10 per cent discount thereafter, once they sign up through the JEA, the association said.

"The JEA is committed to continuously brokering new opportunities for its members to aid them in operating more efficiently so as to increase their productivity," says President Michelle Chong.

The memorandum of understanding between Creditinfo and JEA is for one year, but JEA business development manager Tamra Thomas says it will likely be extended.

"I definitely see us moving forward with this because this is something that we want to encourage with our members," Thomas said, adding that access to credit information should lead to better business decisions.

"What this will really means is that we all have to, at some point in our businesses, if we're all going to be fiscally responsible and be prepared to expand by getting certain loans, then we have to take a full 360-degree look at ourselves; and so, this is what this is encouraging," she said.