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T

HE FIRST Union

Financial Group

Limited loan

institutions play

an important

role in influenc-

ing the levels of

consumer

spending,

investment and

consumption. The

stimulation of economic

activity, through loans, con-

tributes to key indicators of

development and growth in

the country’s economy.

Over the years,

Jamaica has

diversified its loan

profile, and the

Government is

committed to

maintaining low

interest rates.

The credit system,

therefore, is an

alternative for persons

to utilise in areas such as

education, health care and

home ownership. As one of

the leading loan agencies in

Jamaica, First Union Financial

Group Limited continues to

provide services that are

directly aligned to the

Government’s growth

agenda.

Through its products and

services, First Union Financial

Group Limited drives small

and medium-sized

enterprises (SME), and

continues to support the

Government’s thrust to

produce a viable

environment for growth

within the SME sector. Here

in Jamaica, SMEs account

for over 31 per cent of the

gross domestic product.

These statistics clearly point

to the critical role played by

the SME in the country’s

development.

Consequently, the group’s

investment, in this regard,

has made an invaluable

contribution in allowing

Jamaicans to experience

economic prosperity.

I commend the First

Union Financial Group

Limited which started as a

small business enterprise and

now employs approximately

200 persons. The growth of

the organisation is a direct

representation of the golden

opportunities for Jamaican

businesses. I urge you to

continue partnering with

agencies such as the

Development Bank of

Jamaica, National Insurance

Fund and Micro Investment

Development Agency in

order to foster a stronger

business environment.

It is my hope that the

management and staff will

remain devoted to serving

the needs of the employees

and entrepreneurs of

Jamaica. I wish you success

in your future endeavours.

ANDREW HOLNESS

Pr ime Mi n i s ter

10

FIRST UNION FEATURE | SUNDAY, SEPTEMBER 17, 2017

I AM delighted to

offer this mes-

sage of con-

gratulations to

First Union

Financial

Group Limited

on the success

of your organi-

sation’s growth

and expansion from

the ‘four-wheel

drive’ office, where

you began, to the

spacious new permanent

home on Eastwood Park Road

in the constituency of St

Andrew East Central, which I

have the honour to represent.

The spectacular growth of

First Union Financial Group

Limited since it was established

in 1999, attests to the success

of your business model which

combines visionary and consci-

entious leadership with the

commitment to satisfying the

highest expectations of your

customers for quality service.

Today, First Union has carved

out its own unique presence

among the most successful

microfinancial institutions and

continues to show signs of

diversifying into other

sectors. The products

to be presently

offered by First

Union, beginning

with its micro-

financing, has

helped to set new

standards for the

industry and can only

be described as visionary.

The demonstrated

capacity of First Union

to respond creatively to the

financial needs of a growing

entrepreneurial sector has

provided a lifeline and the

opportunity for stability and

growth to your many clients

who continue to do business

in a challenging economic

environment.

As I extend my congratula-

tions to you on achieving this

milestone, let me commend

you for your commitment to

Jamaica, and anticipate your

continued success in providing

innovative financial solutions

to support Jamaica’s growth

and development.

DR PETER D. PHILLIPS

Leader of the Opposition

I salute your

achievements

THE LOCAL

microfinance

landscape has

grown

tremendously

in the last few

years, with

several

companies

offering a myriad

of products to

micro, small and

medium-sized enterprises.

First Union Financial Group

Limited has carved an

impressive niche for itself

among the companies

operating locally.

I take this

opportunity to

congratulate the

company on

successfully evolving

to a diversified entity

now boasting several

subsidiaries. Having

started in 1999 with only

one branch in Cross Roads, I

also applaud First Union’s

growth to 14 branches

Dr Peter Phillips

A successful

business model

PLEASE SEE

NICHE

, 11

You have carved an

impressive niche for yourself

MESSAGES