Why on Earth Are So Many Jamaicans Taking Loans to Attend Parties?
I recently read a Gleaner article where Founder and CEO of Sprint Financial Services Limited, Christopher Barrett stated that upwards of $2.5 million (still tallying) in loans were disbursed to partygoers, a whopping 56 per cent increase from last year.
He also mentioned that is mostly females who are taking these loans.
The company offers loans to partygoers who find it difficult to foot the upfront cost for armbands, hotel accommodations, transportation and other miscellaneous expenses.
“On average, we disburse $30,000 per person for a loan. The funds are then reimbursed through salary deductions, and 50 per cent of our clients have opted to use guarantors in order to secure loans. On average, it takes about four months for individuals to repay, but the longest time allotted for a loan to be repaid in full is eight months,” the article also stated.
Now questions have to be answered. What really are the priorities of many of our Jamaicans?
Are they prioritizing for food, jobs, and the education of their children?
It seems many prefer to spend money they do not have on dances, stage shows, and a ‘Dream Weekend’.
A weekend which saw many of these same Jamaicans bawling about how this government has them under sufferation.
They claim to be suffering yet they are more than willing to borrow up to $30,000.00 to go to a party?
Seriously? So the government is supposed to be the one to fund your kids education while you take out a loan to gallivant in your bikini, and party?
From the Dancehall scene to the have to party scene, what exactly are the priorities of Jamaicans, especially the WOMEN who are supposed to be the mothers and nurturers of our society?
Now I am in no way shape or form a prude, but do I really need to take out a $30,000.00 loan just to attend a three day party and then cry bloody hell when I cannot find money for food and other essentials?
Well I guess under the PNP Jamaicans are flourishing, and will flourish even more under the JLP’s slogan of FROM POVERTY to PROSPERITY. SMDH
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After “Dream Weekends” done, “Reality Year” come!
“Reality Year” has wonderful fun features such as: hiding from land lord/lady, dodging creditors, pissing off guarantors, and *drum roll* skilfully paying back those heavy loans incurred while living off credit cards.
true words, strange but true
Dis is serious!!!!
It’s not much different from people abroad using credit cards to go on vacation…for most of these people it’s like a vacation at home in Jamaica…let them live..life is short…
For there kids
Dwight shut the f– k up u can’t compare hard working people abroad to people in Jamaica borrowing money to get drunk n can’t fine food n lunch money die there kids
come on..its just $25k
What’s the fuss all about? The violence and the hatr liofe is getting to everyone man so they just party their life away ..better than drop down and fret and dead.rite? A little fun is good for the heart so its an investment for long life lol
what is jamaican stay jamaician dont worry about them they servive.
Funny how people have time to complain/chat about how other people live their lives. What makes one person happy doesn’t work for another. People need to live their own life and not worry about what other are doing. We are all not the same, as that would make life boring and stressful.
It seems to be the latest trend, I am aware of situation it’s all about partying.
http://www.btsjpinc.org
These are the same people, whose children have no text books for classes.
They have one life to live…they dont want their “youth period” to be spent worrying about the future. AN underpining to this story though is the fact that many of these women are NOT working and in fact are SELLING SEX to pay back these loans. IT’S HUGE IN JAMAICA!! I MEAN you won’t find these girls on street side “doing business”, but a car will arrive at their home/apartment, and that’s where’ business’ is transacted. IT’S “COMMON KNOWLEDGE” in J.A. THEY LOOK RESPECTABLE IN THE MORNINGS(and they actually are) going to work(the ones that actually do). IT’S A MEANS… Read more »
Who taught themor where did the get these values from