DEVELOPMENT BANK OF JAMAICA

In 2009, the DBJ pioneered the Credit Enhancement Facility (CEF), a partial loan guarantee that helps micro, small and medium-sized enterprises (MSME) without adequate collateral to access loans from financial institutions... The CEF is a risk-sharing arrangement under which the DBJ provides partial guarantees to financial institutions and, in effect, increase lending to MSMEs. The primary objective of the CEF is to reduce the risk exposure normally associated with small business lending, thereby allowing eligible MSMEs with viable projects to access term loans... Enables qualified MSMEs with viable projects to get additional collateral support

Also known as: DBJ