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A new J$1 billion financing initiative from First Union Financial Company Limited is set to support thousands of Jamaicans engaged in side-hustle and small business ventures.
The Employees’ Side-Hustle and Entrepreneur Micro Loan Revolving Fund Programme aims to provide accessible loans for individuals seeking to start or expand income-generating businesses across multiple sectors, including agriculture, retail, transport and technology.
Company officials say the fund will offer loans of up to J$2.5 million and operate on a revolving basis to ensure continuous access to capital.
The initiative is expected to boost entrepreneurship, job creation and economic growth across Jamaica.