Caribbean Microfinance Alliance

Micro Credit Limited

Institution Contact Details
Name of Institution Micro Credit Limited
Postal Address Head Office - 71 Church Street Kingston
Country Jamaica
Telephone 876-948 - 8630
Fax 876-948 - 7489
Email mturner@mcljamaica.com
Website Address http://mcljamaica.com/
Skype mitziant
Contact Persons Mitzian Turner - General Manager
Category Of Membership Application Microfinance Provider
General Institutional Information
Current Legal Status Limited Company
Objectives To provide Micro Credit in a transparent and consistent manner for the progress and growth of micro entrepreneurs and their communities by extension
Brief History Micro Credit Limited (MCL) is an independent micro finance institution established in 2003 with a mission to serve the low end of Jamaica's microfinance market in a sustainable manner. As its first vehicle in order to reach this market, MCL adapted the Latin American "solidarity group" micro credit methodology into a viable loan product for the Jamaican environment. Our long term vision is to help build economic self sustainability through our loans while improving the lives of our clients and reducing poverty in the process.
Ownership Private
Microfinance Operations Micro Credit Loans to groups and individuals
Main Funding Sources Interest on loans to borrowers and loan funds from Private and Commercial entities
Main Challenges The socio - economic climate in Jamaica; Lack of a Credit Bureau
Other Networks

We represent the interests of our members and their clients

We are the voice for the Caribbean Microfinance industry