By Rayon Dyer, Gleaner WriterBLACK RIVER, St. Elizabeth:
CALVIN BROWN, chairman of the Urban Hanover Community Development Fund says many youths in Jamaica do not recognise the value of a good education until after they have left school and realise how much they have wasted their time while in school.
He was speaking at the Sixth Annual General Meeting of the St. Elizabeth Community Development Foundation recently at the Black River Methodist church, southwest St. Elizabeth.
"An important element of this administration's commitment to advance in economic transformation, wealth creation and employment, is the provision of services to encourage the development of new economic projects that will provide jobs, decent incomes and small business starts," Mr. Brown said. Thus $114.43 million was disbursed islandwide for such service orientated activities.
The community development entity continues to suffer from a high rate of delinquency from its borrowers who refuse to pay back their loans or not paying on time, said its chairman Keith Bell. For fiscal year 2001/2002, the foundation disbursed $4.08 million in new loans, bringing the total loaned to date to $14.375 million.
Among the guests present at the function were Phyllis Clarke former councillor for the Black River division, Vivian Chin managing director of MIDA along with other community and group leaders.
