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Publication Type
Conference Proceedings
UWI Author(s)
Author, Analytic
Ffrench, Sean
Author Role
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Author Affiliation
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Paper/Section Title
The challenge of entrepreneurship-providing micro-credi to the poor in Jamaica: The case of the micro investment development agency (MIDA) - 1999 to 2003
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Editor/Compiler
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Proceedings Title
8th Annual Conference Crisis, Chaos and Change: Caribbean Development Challenges in the 21st Century
Date of Meeting
March 26-28, 2007
Place of Meeting
Trinidad and Tobago
Place of Publication
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Publisher Name
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Date of Publication
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Date of Copyright
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Volume ID
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Location in Work
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Extent of Work
22
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Series Editor
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Series Title
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Location/URL
http:; sta.uwi.edu/conferences/salises/documents/Ffrench%20S.pdf
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Notes
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Abstract
This paper will attempt to outline the main challenges associated with providing micro-credit to the poor in Jamaica. This will be done by examining the work of the Micro Investment Development Agency (MIDA), from 1999 to 2004, across four parishes. Not only is MIDA, which delivers credit directly to the poor through a network of community based on-lenders, among the largest providers of micro-credit in Jamaica it is a central programme in Jamaica’s National Poverty Eradication Programme (NPEP). The paper will concentrate on exploring the funding, institutional, socio-cultural and economic challenges faced by MIDA as it attempts to service its target clientele. Under these headings issues of repayment rates, the institutional structure of MIDA, the influence of political patronage, the impact of crime and violence, the attitude of borrowers to repaying government funds, the challenges of accessing and servicing the target population and the attitude of the donor/lender community to MIDA will be examined among other pertinent issues. The paper will also examine MIDA’s responses to the challenges facing its operations and explore whether or not there are lessons to be learnt from the MIDA experience which can enhance the chances of success of current and future micro-credit schemes in the region.....
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