Micro Enterprise Financing Limited (MEFL) is a non-profit corporation limited guarantee, dedicated to assisting in the development of micro enterprises in designated urban communities of Jamaica. MEFL was incorporated on May 7, 2002 and is located at 12 Duke Street, Kingston. The general Purpose of MEFL is to make micro financing services available to low income, urban, micro entrepreneurs of communities with little or no collateral, perhaps branching out to similar communities elsewhere in Jamaica in due course. Loans are made at existing micro finance market rates and following standard business practices. MEFL is designed to meet the needs of micro entrepreneurs while aiming to become self-sustainable at the end of five years. MEFL is designed to build its client base slowly, from a few hundreds in the first two years to over five thousand in the fifth year. MEFL is sponsored by the Canadian International Development Agency (CIDA), The Bank of Nova Scotia Jamaica Limited (BNSJ) and Kingston Restoration Company (KRC).

In its intended role as a catalyst, MEFL will help disadvantage communities increase their participation in and contribution to the economic life of the country, while enhancing their quality of life. The financial resources made available through MEFL will bring appreciable economic activity, employment opportunities and increased incomes to the individuals involved, their families and ultimately the community.

To strenghten the economic base of the urban micro entrepreneurs, particularly women, by providing high quality, sustainable financial services, combined cost-efficient methodologies with exemplary customer service.

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