Second Party Opinion on IDB Invest's Sustainable Debt Framework
CASE
STUDY
JMMB Bank
Increasing access to finance
for Jamaican SMEs
Category: Social
Sub-category:
Socioeconomic advancement
and empowerment
Jamaica
Approved amount:
Allocated amount:
$35M
$35M
5 EQUALITY
GENDER
8
DECENT WORK AND
ECONOM GROWTH
M
INDUSTRY, INNOVATION
9 AND INFRASTRUCTURE
The project is successfully helping JMMB to strengthen its SME portfolio
widening access to finance for this segment. Specifically, the following
outcomes have been achieved:
10
372 SMEs supported
Total value of loans
disbursed to SMEs is
around US$87.5 million.
REDUCED
INEQUALITIES
At the end of 2021, JMMB had
an outstanding SME portfolio
of US$ 168.8 Million
12
RESPONSIBLE
CONSUMPTION
AND PRODUCTION
QO
32
Also, as a result of this transaction, JMMB Bank has developed an E&S Policy and an E&S
Framework (as part of the ESMS), implemented a gender-gap analysis, provided training in
diversity, and designed a gender action plan that will guide the Bank's steps to improve gender
equality and diversity.View entire presentation