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JA-M1026 : Extending Financial Services Directly to Rural Jamaican Farmers Direct2Client

Project Status: Closed

The St. Thomas Co-operative Credit Union¿s (STCCU) Direct2Client project aims to bring financial services the rural farmers in Eastern Jamaica, through the design and implementation of appropriate services and the use of technology, agents, a value card system, ATMs, and other channel options. The Direct2Client project aims to design and deliver STCCU services closer to the rural areas of Eastern Jamaica, allowing new rural customers to receive newly-targeted product offerings through new delivery channels. STCCU envisions that rural and agricultural clients who receive new agricultural loans will be able to use a cashless system to purchase production inputs from local vendors and suppliers through the use of a debit card system, and all clients will be able to directly access services through new delivery channels.

Project Detail

Project Number
JA-M1026
Project Country
Jamaica
Project Sector
FINANCIAL MARKETS
Project Subsector
FINANCIAL INCLUSION
Project Type
Technical Cooperation
Project Lending Type
NSG
Project Modality
Project Facility Type
Environmental and social impact category
B13
Project Status
Closed
Operation Number
ATN/ME-13694-JA

Financial Information

Project Number
JA-M1026
Project Status
Closed

IDB Financing

Financing type
TCN
Fund
Multilateral Investment Fund II (MIF) -
Reporting currency
USD - United States Dollar
Reporting date
Jun/30/2023

Roles & Responsibilities

Contract signature date
Apr/08/2013

Project Information

Total Cost
USD 479,000
Country counterpart financing
USD 164,000
Amount
USD 315,000

Approved

Title
Type
Project Number
Date Published
Technical Cooperation Agreement
ATN/ME-13694-JA;JA-M1026
January 08, 2013

Implementation

Title
Type
Project Number
Date Published
Project Performance Monitoring Reports
ATN/ME-13694-JA;JA-M1026
June 30, 2016
Project Performance Monitoring Reports
ATN/ME-13694-JA;JA-M1026
September 22, 2015
Project Performance Monitoring Reports
ATN/ME-13694-JA;JA-M1026
March 19, 2015
Project Performance Monitoring Reports
ATN/ME-13694-JA;JA-M1026
September 15, 2014
Project Performance Monitoring Reports
ATN/ME-13694-JA;JA-M1026
April 08, 2014