Author Archives: jn_foundation

The Christmas season is here and some Jamaicans may want to enjoy a more ‘bountiful’ season than they can afford.

Some persons may be tempted to borrow money to buy gifts for those near and dear. Others may want to take out loans to purchase hams, stock up on sorrel and other food and drink or decorate their homes with lights and new appliances.

A survey of local lending houses to find out the costs attached to securing a Christmas showcase revealed that what are essentially personal loans might be rebranded as Christmas loans as the season begins.

Commercial banks and micro financiers have been rolling out loans that consumers can use for their personal needs. All loan sources canvassed for the details of their Christmas loans declined to share their rates.

However, Jamaica National chief of retail sales at JN Bank, Steve Distant explained, “JN Bank provides loans to assist our members to meet their personal goals on an ongoing basis. These loans are purpose-driven and are not categorised by social events.”

He added, “through the BeWise financial empowerment programme executed by the JN Foundation, we provide our members with information to assist them with developing their financial acumen and managing their expenses carefully.”

The consumer watchdog, the Consumer Affairs Commission (CAC) says in an online report that currently, many advertisements are offering same-day loans, pay-day loans and quick loans.

It warns, however, “as a consumer, you need to be cautious in responding to these offers, especially during the Christmas season when they may seem even more attractive, but not everything that glitters is gold. “

The CAC stated, “Many of these “deals” are often unrealistic and are being offered by predatory loan companies, which, are not regulated.”

The consumer body asserted that many lenders at this time of year practice over-lending to customers and sometimes impose excessive fees and onerous contract terms which once signed to, the consumer has to honour because it is a private contract.

The most common of these is the requirement to pay a non-refundable processing fee. The loan application is frequently denied, as it is often used by unscrupulous lenders as a means of accumulating funds.

In instances where the loan is approved, consumers are faced with high loan repayments that are burdensome and some are not able to repay.

“As such,” the CAC noted,” consumers find themselves in a bind when they are unable to make loan payments, and some may even go to other lenders — formal and informal — to get a new loan to repay the old one while accumulating more debt.”

If you are seeking a loan for the Christmas season this year, try to approach reputable organisations like banks and credit unions, the CAC advised.

Before you do so: consider the purpose of the loan; review the terms and conditions of the loan -including interest (add-on- versus reducing balance) and processing fees; the period for repayment; and other non-interest related charges, the CAC added.

“Remember, Christmas is only one day of the year. We want you to enjoy the season. However, be mindful that after Christmas, all the other bills will have to be paid (rent, utilities, transportation, food as well as sending the children back to school),” the consumer watchdog warned.

Think carefully before assigning your hard-earned cash to loan payments Christmas loans that will follow you all year long. It’s better to budget and save towards the extra spending that the season usually demands.

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According to the National Health Fund some 20,000 Jamaicans with epilepsy are registered to receive subsidized medication. It is also estimated that another 20,000 Jamaicans are not diagnosed and therefore not registered.

Joy McHugh, executive director of the Jamaica Epilepsy Association (JEA), emphasized that this is why there is a need for an aggressive public education campaign about epilepsy. 
In a bid to demystify the disease, the JEA has rolled out a series of public education activities which aim to raise awareness and raise funding, to support persons affected with epilepsy.
With a grant from the Culture, Health, Arts, Sports and Education (CHASE) Fund the Association has embarked on a training programme for school teachers, educating them about epilepsy and teaching basic first aid for seizures.  So far 25 schools have been visited and approximately 500 members of school staff have been sensitized.
The JEA public awareness activities commenced earlier this year and were highlighted throughout the month of November, which is observed worldwide as Epilepsy Awareness month.
Mrs. McHugh, also pointed out that the Association partnered again with ISupportJamaica.com, a crowdfunding platform, powered by The Jamaica National Group, to raise funds to purchase medication for persons affected by the condition.
The JEA executive director stated that medication for persons affected with epilepsy can be expensive. She noted that the cost for: two to three, or even four to six different combinations of medications, can be from J$12,000 to J$45,000 monthly, per person. Persons with epilepsy (PWE) often times have difficulty finding employment. Consequently, many persons living with the disease have difficulty purchasing their medication.
“The campaign with ISupportJamaica will run from November 1 to January 31, 2020,” she explained, “And, this time the Association’s goal is more conservative, with a target of about J$300,000.”
She explained that donations to the cause will go a long way to purchase medication for these persons.
Phillip Lindsay, Manager of ISupportJamaica, at the JN Group, said that persons can support the JEA’s initiative via the platform, which he said is simple and secure.
Interested persons can donate by visiting the ISupportJamaica.com platform at www.isupportjamaica.com, click on Health Education, Epilepsy Awareness; and then click the “Fund Project” button. In addition, donations can also be made via JN Live e-banking; and at any branch of JN Bank or JN MoneyShop, as well as, through interbank transfers.
During epilepsy month the JEA held a series of public awareness sessions in schools; an Open House, featuring a ‘lunch and learn’ at the Andrews Memorial Hospital on November 21; and a ‘Walk & Talk’ on November 24, at the Emancipation Park in Kingston.
Epilepsy is a central nervous system (neurological) disorder, in which brain activity becomes abnormal, causing seizures or periods of unusual behaviour, sensations, and sometimes loss of awareness. Anyone at anytime can develop epilepsy but it tends to occur more frequently in younger and older persons.
Members of the public can assist with a seizure by cushioning the head of the person affected; loosening tight neck wear; and turning the individual on his or her side. Refrain from putting any objects in the mouth or over the mouth of the person with the seizure; do not hold the person and look for any identification on the person.

Most seizures last approximately two minutes, however, if the seizure lasts longer than five minutes the patient should be transported to the nearest Hospital. After the seizure, offer help and look for any identification to contact next of kin.

Worldwide, approximately 50 million people have epilepsy, making it one of the most
common neurological diseases globally. It is estimated that up to 70 per cent of people living with epilepsy could live seizure-free if properly diagnosed and treated. 

For further information about epilepsy, contact the JEA at: Email:jaepilepsy@gmail.com; Telephone: (876) 968-8274 or (876) 393-7889.

Contact:  Dionne Rose l JN Corporate Communications l JN Bank 

The head of the Tropical Metabolism Research Unit (TMRU), at The University of the West Indies (UWI), Mona is recommending that maternity leave be extended from three months to six months.
Professor Marvin Reid said the extension would allow lactating mothers to exclusively breast feed their babies for at least six months, as recommended by the World Health Organisation (WHO).
“I agree with you that the maternity leave, as currently constructed in law, is relatively too short; and thoughts need to be given to have it extended. Thought also needs to be given to creating an enabling environment, which purports proper nutrition of the infant; and encourages breast feeding, as much as we can, in the work place,” he said.
Reid made the recommendation, as he responded to a question from a participant in the Dudley Grant Memorial Trust Early Childhood Development Conference, held at the Jamaica Pegasus Hotel, recently.
This followed his presentation of recent research findings by the TMRU which revealed that several mothers reported that they did not exclusively breastfeed for six weeks. He stated that the data was drawn from six weeks of clinics, at health facilities across the country.
“Roughly half of the women reported exclusively breastfeeding their infants at six weeks, when interviewed which is bad,” he said; and pointed out that, “This was an infringement on the rights of the child to proper nutrition.”
He said the TMRU went a bit further, by doing an objective measurement of breast feeding, to test the accuracy of reported data through a small sized sample, conducted in rural Manchester; and which showed that two thirds of the women were exclusively breastfeeding at six weeks.
However, a similar experiment in the Corporate Area showed that only about one third of women were exclusively breastfeeding at six weeks. He also stated that a longitudinal study was done on the babies of these mothers for a year.
“Most importantly, and perhaps most significantly, what has consequences later on, is that babies who were breastfed, got more protein from their mommies; and at one year-old, were less fat,” he revealed, noting that they were less likely to become obese when they were older.
The UWI professor, who is the grandson of Dudley Grant, commended the work of the Dudley Grant Memorial Trust, which was also celebrating its 30th anniversary.
The conference was held under the theme, “Embrace Children’s Rights: Secure our Future,” ; and it coincided with the 30th Anniversary of the 1989 Declaration by the United Nations Convention on The Rights of the Child.
Onyka Barrett Scott, general manager of the JN Foundation, in delivering greetings on behalf of Earl Jarrett, chief executive officer of The Jamaica National Group, said that the Dudley Grant Memorial Trust should be commended for applying current theories of learning, teaching, and child development to solve problems in primary schools, especially those which catered to children who were being raised in less fortunate conditions.
“Your knack, to provide research-based publications to guide the sector, is enviable. Some of these publications included: training manuals, and teaching learning materials. And, as you look forward to another 30 years, we wish the Dudley Grant Memorial Trust continued success in all of its educational initiatives,” Barrett Scott said.

It was a proud moment for some 100 students who were recipients of scholarships presented by the Area Four Police Civic Committee Educational Trust Fund.
Lehana Osbourne from Ardenne High School, who was receiving the scholarship for the fifth time around, was elated to be again named a recipient.
“I feel honoured, because I tried my best to get this scholarship for the fifth time around; and I’m happy, because I have made my mother proud,” she said with pride.
Lehana was among the 100 students who were presented with the scholarships at a  ceremony, held at the Police Officers Club in Kingston, recently.
Onyka Barrett Scott, general manager of the JN Foundation, who was the guest speaker at the ceremony, encouraged the students to grasp the opportunities afforded by the scholarship.
“Do you believe that you are special? Yes, you are because not many of us get this opportunity,” she pointed out. “It is a big deal when you were selected to receive this scholarship because it is taking a lot of stress off your parents; as they don’t have to worry about financing your education and can focus on pushing you to excel.”
Mrs Barrett Scott cautioned the students to be focused and continue to work hard; as they concentrate on studying and learning. She underscored that it was important to remember their humble beginnings, as this will keep them grounded.
She also encouraged the parents to support their children, as they embark on this journey by being involved parents. This involvement means that they should check the homework and ensure that assignments are done; that their children are punctual for school; attend parent-teacher meetings; and most of all, being their child’s biggest cheerleader, she stated.

Wayne Wray, chairman of the Area 4 Police Civic Committee, said that the concept behind the establishment of the Trust Fund was to target 12-18-year olds in the inner city, who were deemed to be at risk of dropping out of school and becoming easy prey to criminal elements.

Mr Wray said the Education Trust Fund was a result of a partnership between the police and private sector companies with the primary object to foster good relations and open conversation between the Jamaica Constabulary Force and members of the public in the Corporate Area.

“We often hear about operations to fight crime; but little do we hear about policemen and women who care about our communities so much, that they care about our children,” he said.

Established 19 years ago, the Education Trust Fund has awarded more than 1,200 scholarships to more than 500 students, to assist with their tuition, fees and books at 50 high schools in Kingston and St Andrew.

The following corporate donors: JN Foundation, JN General Insurance Company, KPMG, CGM Gallagher, and Trans-Jamaica Highway Limited among others, made the scholarship ceremony possible.

Contact:  Dionne Rose l JN Corporate Communications

Scholarship awardees with (seated from left) Sargeant Gillian Faulknor; Chris Hind, CEO, JN General Insurance; Onyka Barrett Scott, general manager, JN Foundation; Wayne Wray, chairman, Area 4 Police Civic Committee; Senior Superintendent Steve McGregor, Operations Officer for Police Area Four; Superintendent Tomielee Chambers, police Area 4 Community Safety and Security Division and Andrea Whyte, markets manager, KPMG Jamaica.

Onyka Barrett Scott (left), general manager, JN Foundation presents Delano Davis, student of Kingston College with his scholarship cheque at the awards ceremony, recently.

The love of her family, her faith and the inner strength to keep living for her three children, made Michelle Robinson relentless in her fight against breast cancer, a diagnosis she received a year ago.
The 36 year old said that she knew something was wrong when she started to feel a pain in her left breast, which she ignored at first, however, the pain persisted.
“It was on Mothers’ Day and I was with my eldest son. We were watching a movie and I felt the aches,” she related during a #JN PowerofPink Think Tank Session:  Beyond Breast Cancer: Stories of Survival, on Miss Kitty LIVE ON Power 106, recently.
The educator said that on further self-examination, her fears were confirmed. “Later on, I decided to squeeze it, and I saw this brownish discharge emerging from one of my nipples. It was a shock for me, I held my son and started to cry.”
However, it was after visiting her doctor and doing an x-ray that she received the formal diagnosis. She had stage two breast cancer. That meant the cancer was growing and had extended to the nearby lymph nodes.
“I was devastated by the news, but, at the same time, because I know how God works, I decided to ‘take it to the Lord in prayer’ and that has been my mantra since the diagnosis,” she related.
She broke the news about her illness to her family members, who were downcast; and she realised that she had to be strong for them, as well. “The diagnosis was like a curve ball, but I was determined to keep batting,” she said.
Michelle immediately commenced her treatment, which involved surgery to remove the left breast and chemotherapy nine months later. She said the chemotherapy brought on nauseous feelings, loss of her eye lashes, hair, loose bowels, discoloured nails, and left a metallic taste in her mouth. So far, she has done 16 chemotherapy sessions and hopes that at her next doctor’s visit she will not have to do any more treatment.

However, the diagnosis forced her to change her lifestyle. An introvert by nature, whose life simply involved going to work and home, Michelle decided that she would start enjoying life, therefore, she began to participate in activities which she enjoyed.
“I found a new lease on life. Occasionally, I would go out and play pool, and I started to look at life totally different. Now, I am more comfortable and at peace,” she said.
The loss of her hair was another stage of the cancer which she had to embrace. She opted not to wear a wig and accepted her baldness. That decision not only motivated her; but encouraged other women affected by the disease.
Michelle was also forced to change her diet. As a result, she reduced her sugar intake; increased eating fruits and vegetables; as well as, eliminated red meat, processed foods and alcohol, in her diet.
“It was life changing,” she related, “One had to make so many changes, and it was not for one month or two months, but for a lifetime, and the change was immediate.”
But for Michelle, her journey has been bearable, because of her faith in the Lord and the strong support from her family members, who have been ‘her shelter in the time of storm.’ She highlighted the close bond with her mother, Catherine Knight, who kept her persevering.
“We now appreciate each other so much more. The thing is that, we don’t know how long we will have with each other, therefore, one needs to embrace every moment you have together. Tell them you love them and hug them,” she said with a pensive look.
“When you are faced with so many challenges being diagnosed with cancer, if you don’t have that support, it will make you give up easily. But, when you have support, it will make you press on,” she informed.
On learning about her daughter’s illness, Ms Knight said she was shocked. But, as the shock wore off, she supported her daughter, the last of her four children.
Last year, 974 women were diagnosed with breast cancer in Jamaica. Data from the Jamaica Cancer Society also revealed that approximately 60 per cent of breast cancer cases diagnosed in Jamaica are among women between the ages of 25 and 59 years.
The #JN Power-of-Pink Think Tank Session was the second in a three-part series of conversations about breast cancer, which was part of The Jamaica National Group’s campaign to raise awareness about how to prevent breast cancer and educate them about the symptoms, early detection and treatment.

Dionne Rose l JN Corporate Communications l JN Bank

Mayor of Falmouth, Councillor Collin Gager, is taking the 2019 Hurricane Season very seriously, as he stocks up on hurricane tools, and prepares residents in the event of a disaster.

“Our biggest fear here in Falmouth is flooding. Therefore, we need to ensure that we take the proper precautions, in the event there is a hurricane, we are prepared,” he said.

Gager informed that the Trelawny Municipal Corporation was cleaning drains and replenishing its hurricane supplies, which include equipment to cut down trees, shovels to clean drains and blockage, among other resources.

“What would happen if we were to receive the amount of rainfall which fell in The Bahamas? It would be something to reckon with. Therefore, we need to be prepared. We must ensure that our staff and disaster coordinators are well organised and have the necessary tools,” he explained.

In response to the needs of the Corporation, the JN Foundation presented hurricane supplies, including saws, shovels, water boots and raincoats, to assist with its disaster preparedness.

“We are happy to assist in addressing the needs of the council by providing these essential equipment,” Onyka Barrett Scott, general manager of the JN Foundation, said at the handing over event recently.

Gager pointed out that over the years, the parish has been affected by flooding in vulnerable communities such as Wakefield and Troy.

“Therefore, we ensure that we do proper drain cleaning and clear the sinkholes, to allow water to run off. In addition, we also educate our people about the importance of keeping the sinkholes free and clear,” he said.

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In a bid to build local capacity to design and install a variety of water-efficient measures in the housing sector, the Jamaica National Group, in collaboration with the Inter-American Development Bank (IDB), has launched a 16-week training programme about rainwater harvesting and grey water recycling.

The training programme, which was officially launched on September 11 at The Jamaica Pegasus hotel, will benefit developers, architects, engineers, practising designers, and builders, as well as implementers of rainwater harvesting and grey water recycling systems.The training is being offered through the JN Water Project, which is being managed by the JN Foundation and was designed to address water-management issues, primarily related to climate change. The project, which commenced in March 2017, is a four-year collaboration among the JN Foundation, JN Bank, the IDB, the Climate Investment Funds, and the Pilot Programme for Climate Resilience.

Onyka Barrett Scott, general manager of the JN Foundation, said that the training initiative will seek to drive behaviour change in building practices and encourage a new approach to how we build houses to cope with new climate realities, particularly fluctuations in water supplies due to extended periods of drought.

“It is also aimed at householders. Whether we own the home or not, we are able to practise certain conservation measures at our places of abode, and the overall combination of those actions helps to promote a better response to climate change, which we are now facing,” she said.

COMMENDABLE INITIATIVE
Therese Turner-Jones, general manager and country representative for Jamaica at the IDB, said that it was commendable that the private sector was being engaged in this way through the training initiative.

“Bringing developers together on this particular issue and having JN and the IDB as partners on this project is significant because we are moving beyond the theory of why we need to be doing this,” she said.

Robert Stephens, consultant on the Water Project, said that the objectives of the training for participants are to develop an appreciation for rainwater harvesting and grey water recycling, identify characteristics and the mistakes that can be made, and identify how to avoid these mistakes in building out the systems.

He said that they will be taught how to design and implement rainwater harvesting systems, in addition to costing those systems. The training programme will also examine the components of rainwater harvesting systems, the water-saving devices that can be implemented by homeowners to save water, and factors that affect water quality and water standards.

The course will be delivered weekly via face-to-face sessions and online. The class sessions will be held from September to December.

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Not being financially literate can be costly, Rose Miller, grants manager at the JN Foundation and head of the JN BeWi$e financial empowerment programme, says.

She noted that while there was no available data about the cost of financial illiteracy in Jamaica, information from the National Financial Inclusion Strategy (2016-2020) said financial literacy was low; and many Jamaicans do not understand some basic principles to better manage their personal finance.

In 2012, a demand-side financial capability survey was implemented by the Financial Services Commission (FSC) in partnership with the Organisation of Economic Co-operation and Development (OECD). That survey revealed that while the level of financial literacy among Jamaicans is comparable to persons in other countries in most areas, there is room for significant improvement.

For example: in basic financial knowledge, in terms of the time value of money; identifying and calculating the impact of interest compounding on savings; and behaviours, such as short-term money management.

Miller emphasised that “being financially illiterate can be expensive, because not only will you not see opportunities, but others who do will not hesitate to take advantage of your ignorance.”

She added that poor money management leads financially illiterate persons to pay exorbitant interest fees to “payday lenders” with high interest rates.

FINANCIAL BIND
That was the case of Gary Gregory (name changed on request), a communication specialist who found himself in a financial bind and needed a quick loan to address an emergency.

“It was the beginning of my nightmare,” Gregory lamented. “I ended up paying three times what I borrowed because the interest rate was ridiculous. I wished that I had read the fine print prior to entering into such a loan agreement.”

However, Tanya McKenzie (name changed on request), who was more exposed and financially literate, was able to save thousands of dollars when she decided to purchase a refrigerator she needed with her credit card, rather than taking it out on hire purchase.

“I would have paid triple the cost if I went the hire purchase route, instead of using my credit card to make the purchase,” she informed. “It took me two months to pay off my credit card, as opposed to 18 to 24 months, had I opted for hire purchase.”

Miller commended McKenzie for her prudent financial decision, pointing out that this was an instance of someone using their credit card wisely.

She advised, “That access to credit cards represent funds loaned to you by a creditor to make purchases and pay the bill at a later date. You can avoid paying interest and racking up a debt, which you will later struggle to repay, by paying your bill in full, on time, all the time.”

Miller also explained that it was important to select the right credit card, one which is suitable for your needs; in addition, one should read and fully understand the terms of the agreement.

“Utilising a credit card helps you save your money and use funds loaned to you; it is also a good tool in cases of emergency,” she added.

However, Miller noted that being financially literate takes some effort. She said each person should seek to improve their knowledge about financial matters, such as: investing and the various options available, estate planning, how credit cards work, credit scores, saving for the future, real estate, insurance and planning for retirement, among others. “This area is as wide as the ocean,” she quipped.

“Do not attempt to understand all of these topics at one time,” she added. “Rather, tackle one topic at a time and be committed to continuous learning. Start with the subject you are most interested in learning about; and, then move on to another, and another, and gradually build a solid foundation of financial know-how.”

Some other practical ways to improve financial literacy, she stated, would be to take a financial literacy class, which could be a short course about how to manage your finances, watch videos and access many other financial resources online.

Miller informed that today, the media is also a great source of information to improve one’s financial IQ. “Persons can learn effective money management strategies from local radio and television programmes; through print media; and online, via financial websites.”

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