Mahfood Family (Wsynco Group) recognised as Business Leaders by the Jamaica Observer

"We have invested one billion dollars over the past three years," notes Andrew Mahfood, the Group Finance Director, .... "Most of this money was borrowed from EXIM Bank and the Development Bank of Jamaica," he lets on. "These institutions are the lifeblood of manufacturers. I do not believe they themselves appreciate the crucial role they play in allowing companies like ours to grow and employ workers."  The loans are denominated in Jamaican currency at fixed annual interest rates that range from 10 to 12 per cent - an important factor that allows Wisynco to invest with the assurance of predictable monthly debt repayment.
"We would simply not be able to survive without such a facility," says the Finance Director.

Full quote taken from the Jamaica Observer Website,  For the full story please click the link below.
http://www.jamaicaobserver.com/businessleader/mahfoods.asp

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Last Modified: 06/09/10 9:26 AM