DBJ’S VOUCHER FOR TECH­NI­CAL AS­SIS­TANCE:

Pro­vid­ing busi­ness sup­port

Jamaica Gleaner - - GROWTH & JOBS - www.db­jvoucher.com.

THE DE­VEL­OP­MENT Bank of Ja­maica (DBJ) is aware that lo­cal en­trepreneurs in the mi­cro, small, and medium-sized en­ter­prises (MSME) sec­tor face many dif­fi­cul­ties in set­ting up and ex­pand­ing their busi­nesses.

As the lead or­gan­i­sa­tion with the man­date to fa­cil­i­tate eco­nomic growth and de­vel­op­ment, the DBJ has al­ways been re­spon­sive to the needs of, and calls for as­sis­tance from, the busi­ness com­mu­nity.

There­fore, in ad­di­tion to pro­vid­ing loans at com­pet­i­tive in­ter­est rates, the DBJ has im­ple­mented the Voucher for Tech­ni­cal As­sis­tance (VTA) to meet some of the ca­pac­ity de­vel­op­ment needs of the MSME com­mu­nity to im­prove their ac­cess to fi­nanc­ing and make them more vi­able and sus­tain­able.

Many en­trepreneurs of­ten need as­sis­tance to pre­pare busi­ness plans or to cre­ate fi­nan­cial state­ments and other doc­u­ments that are nec­es­sary to qual­ify for a loan. They may also need help with mar­ket­ing, au­dit­ing, or more than 20 other types of ser­vices to put their com­pa­nies on a sus­tain­able path.

The VTA is geared at help­ing close those gaps.

Un­der the pro­gramme, the DBJ is­sues elec­tronic vouch­ers for these ser­vices, which are de­liv­ered through busi­ness de­vel­op­ment or­gan­i­sa­tions.

Since it was in­tro­duced in May 2014, more than 300 vouch­ers have been dis­trib­uted to en­trepreneurs across the is­land to both male and fe­male-owned busi­nesses in a va­ri­ety of in­dus­tries.

Vouch­ers can be ac­cessed through your fi­nan­cial in­sti­tu­tions or by di­rectly ap­ply­ing on­line at

Newspapers in English

Newspapers from Jamaica

© PressReader. All rights reserved.