JIS News

Four-H clubbites are being invited to take advantage of the Jamaica National Building Society’s (JNBS) Small Business Loan Fund to establish business ventures and develop their entrepreneurial abilities.
The call came from Fedrick Young, the Fund’s Regional Supervisor for Portland and St. Mary, during his address at the annual general meeting of the Island Advisory Council of the Jamaica 4-H Clubs on Saturday (Nov. 5), at the New Testament Church of God in Port Maria.
He noted that the JNBS’ Small Building Loan Fund was introduced five years ago to assist persons, who wished to start small businesses, but were without the collateral to procure regular financing.
Mr. Young said that one of the fund’s mandate is to provide assistance to young people in rural areas, who are interested in setting up viable businesses, adding that projects for which funding was provided included chicken rearing, manufacturing, service provision, shop operation and hairdressing.
He noted that the 4-H clubbites were well positioned to benefit from the initiative, because of the training they received and the business potential of the projects they undertook from time to time as part of their activities.
To benefit under the fund, persons must be a least 18 years-old and Mr. Young informed that a new component was added in July, through which new entrepreneurs would be provided with training in areas such as marketing, customer service, bookkeeping and business management, to provide them with the skills to make their operations successful.
In commending the 4-H Movement for the exemplary role it has played in moulding the lives of young people over the years, Mr. Young expressed confidence that the experience gained by the clubbites, through their membership in the organization, would continue to redound for national and community development.