Bookmark Jamaica-Gleaner.com
Go-Jamaica Gleaner Classifieds Discover Jamaica Youth Link Jamaica
Business Directory Go Shopping inns of jamaica Local Communities

Home
Lead Stories
News
Business
Sport
Commentary
Letters
Entertainment
The Shipping Industry
Lifestyle
International
The Star
E-Financial Gleaner
Overseas News
The Voice
Communities
Hospitality Jamaica
Google
Web
Jamaica- gleaner.com

Archives
1998 - Now (HTML)
1834 - Now (PDF)
Services
Find a Jamaican
Careers
Library
Live Radio
Weather
Subscriptions
News by E-mail
Newsletter
Print Subscriptions
Interactive
Chat
Dating & Love
Free Email
Guestbook
ScreenSavers
Submit a Letter
WebCam
Weekly Poll
About Us
Advertising
Gleaner Company
Contact Us
Other News
Stabroek News

Craft vendors wary about accepting loan - Government offering interest-free assistance in wake of fire
published: Tuesday | April 17, 2007


McNeill

Mark Titus, Freelance Writer

WESTERN BUREAU:

Victims of last week's fire at the Harbour Street Craft Market in Montego Bay, which left an estimated $10 million in losses, are reluctant to take up an interest-free loan from Government to rehabilitate their businesses.

"We will have to sit down and work out how these loans will be repaid, as presently we are doing extremely low business," said Melody Haughton, president of the Mont-ego Bay Craft Vendors Association.

"We don't get as much business as we ought to get, and I am afraid that when these vendors get these loans and they are not paid back, we will be labelled as being delinquent."

No other option

Ms. Haughton was responding yesterday to an announcement by Dr. Wykeham McNeill, State Minister in the Ministry of Tourism, Entertainment and Culture, that the Government will be assisting victims of the fire to rehabilitate their businesses through the Tourism Product Development Company (TPDCo).

But 67-year-old Gladys Heaven, who lost everything in the fire, said she has n but to take up the offer and hope for the best.

"I have no other source of income. I lost everything, and I simply might have to accept the offer because I can't sit around like this," commented the craft vendor of 29 years.

Three types of loans

According to the State Mini-ster, three types of loans will be made available to victims of the fire.

Owners of shops that were destroyed will receive $50,000 while $30,000 will be offered to those with water damage. Craft vendors with smoke damage will get $20,000.

"What we have done is an internal assessment of what is needed imme-diately, so that we can get the markets back in place as quickly as possible so that we don't have any disruptions," he explained.

Dr. McNeill was speaking to the media following a tour of the facility.

The blaze last Wednesday night gutted three shops and resulted in minor damage to seven others.

Some two months earlier, a fire also damaged a section of the Old Fort Craft Market in Montego Bay.

More Business



Print this Page

Letters to the Editor

Most Popular Stories





© Copyright 1997-2007 Gleaner Company Ltd.
Contact Us | Privacy Policy | Disclaimer | Letters to the Editor | Suggestions | Add our RSS feed
Home - Jamaica Gleaner