SINCE 1982 the National Development Foundation of Jamaica (NDFJ) has loaned approximately $141 million to farmers for agricultural purposes and of the amount the farmers have repaid $90 million to date.
According to a release from the Jamaica Information Service, executive director of the NDFJ on how to organise the enterprises so they could maximise on earnings from the production of specific crops. This, he said, has helped borrowers to plan and budget for the repayment of loans.
Mr. Heaven commended farmers for repaying their loans, noting that small farmers took pride in owning and operating agricultural enterprises.
The NDFJ was established in 1981 to offer a variety of low cost loans to meet the borrowing needs of the small and micro-business sectors at interest rates that are lower than most other financial institutions.
All loan programmes are enhanced with a comprehensive training programme in record keeping, time management, book-keeping and supervisory management. This is aimed at helping borrowers to develop sound business practices.
