St. Ann's Bay CDF





About St. Ann's Bay CDF Home Loans Contact Us Financial Statements What's New Success Stories CDF Branches Cassia/Maxfield Clarendon Eastern St. James Greater Portland Lower Trelawny Kellits Manchester Mango Valley/Oracabessa Portmore South Trelawny Spalding St. Ann's Bay St. Elizabeth Urban Hanover Upper Westmoreland Yallahs			ST ANN'S BAY COMMUNITY DEVELOPMENT FUND LIMITED 66 Main Street St. Ann's Bay HISTORY OF THE ST ANN'S BAY CDF The St. Ann's Bay CDF was borne out of the need to address the critical demand for a Financial Institute responsive to the needs of the Micro Sector in the parish. The situation arose mainly from the non-participation of the St. Ann's Credit Union in the MIDA programme and the inability of the Self-Start Fund to adequately serve the need of the parish. Efforts to consummate the establishment of the CDF began with Mr Hugh Powell, after obtaining the required cooperation and agreement of prominent private sector leaders. An inaugural Board Meeting was held at the Marcus Garvey Secondary School in February 1993. The CDF was registered under the Industrial and Provident Societies Act on July 14, 1993. It is guided by its Mission Statement, which states "To Broaden the Economic Endeavours of Our Members and to increase their Productive Capacity Through Savings, Credit and Training." The equity base of the CDF was formed from SESP contributions from former and present Members of Parliament such as Honourable Seymour Mullings, Burchell Whiteman, Neville Gallimore, Danny Meville and Manley Bowen. To date the CDF has disbursed 452 loans valuing $44.4M. Majority of the loans disbursed falls in the Service and Trading Sector with a value of $29M or approximately 66% of the total portfolio. The loans from the CDF are disbursed throughout the four constituencies of the parish. The CDF is managed by an efficient board of Directors drawn from a wide cross section of St. Ann. The CDF will remain the main vehicle through which the entrepreneurial spirit will unleash throughout the communities of St. Ann. The CDF remains non-sectarian, non-political and non-denominational and will continue to provide an official service to the people of St. Ann.

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About St. Ann's Bay CDF