Dolla Financial opens its 10th branch in Jamaica
Residents of Trelawny now have a location to apply for personal and business loans Dolla Financial Services has opened its 10th branch in Trelawny, as the micro financer continues its local expansion. Residents of the parish can now apply for their personal and business loans at the location at Shop #6, 2-4 Duke Street, Falmouth. Mario […]
<em>Ultra Financier’s loan book grows to quarter-billion-dollars</em>
Recently formed asset-based company Ultra Financier Limited (Ultra) has grown its loan book to $250 million in the first two months of operations. The company, a wholly-owned subsidiary of Dolla Financial Services Limited (Dolla) began operations on October 21, 2022. Ultra provides asset-based financing to high net-worth individuals, for which there is high demand. It also reported […]
Dolla Financial Lists Its $1 Billion Bonds On The Private Market
After listing its equities on the Junior Market, six months later Dolla Financial returned to the market to raise additional funds to continue its expansion drive. Dolla lists two (2) Tranches of Variable Rate Secured Corporate Bonds which were offered by way of Exempt Distribution: (a) Tranche 1- J$500,000,000 10.50% Variable Secured 3-Year Corporate Bond […]
Dolla gets microcredit licence
Dolla Financial Services limited has become the latest company to be approved by the Bank of Jamaica (BOJ) as a licensed microcredit institution pursuant to the 2021 Microcredit Act. Dolla is one of the six companies to have received a licence from the BOJ, which regulates the microfinance sector. The other firms include Access Financial […]
Dolla going Ultra
DOLLA Financial Services Limited will be launching its newest subsidiary, Ultra Financier Limited, on November 1 to be led by CEO David Henriques. The company was incorporated on August 3, according to the Companies Office of Jamaica records, but only received approval for its formation by its board of directors recently. The subsidiary will be […]
Dolla plans to lend $100M through new Portmore branch in six months
Microfinance firm Dolla Financial expects to unlend $100 million through its recently opened Portmore branch in the next six months. The branch, located at Sunshine Outlet Mall at Braeton Parkway, will significantly increase Dolla Financial’s bottom line for the year ending December 31, 2022, according to CEO Kadeen Mairs. “As Portmore pushes for parish status […]
Dolla going big after JSE listing
Due to the insatiable demand which came as a result of its historic listing on the Jamaica Stock Exchange (JSE) Junior Market, Dolla Financial Services Limited will be raising new capital in the form of a bond to meet the rising demand for its loan products. The microcredit company, which listed on June 15, set […]
Dolla Financial sees six-fold rise in profit
Dolla Financial made a six-fold rise in profit of $59.2 million for its June quarter of 2022 compared to $9.1 million a year earlier. “Dolla’s second-quarter ending June 30, marked a significant milestone in the company’s growth and development,” said Kadeen Mairs, CEO of Dolla in the financial results. The company’s revenue totalled $144 million […]
Dolla Financial and RTA Biz partner on energy financing
Local firm RTA Biz Energy Solutions has partnered with Dolla Financial Services to provide its clients with access to financing for its alternative energy solutions. Through the “Dolla Green Energy Loan”, Jamaicans can access up to 80 percent financing from Dolla Financial for products such as solar panels, solar water heaters and generators supplied and installed by […]
FirstRock PE Sees Tenfold Gain On Investment In Dolla Financial
Steven Jackson/ – Senior Business Reporter The largest shareholder in Dolla Financial, First Rock Private Equity, FRPE, has seen a tenfold increase in the value of its investment in the microlender a year after its acquisitions. FRPE purchased 75 percent of Dolla Financial Services Limited for US$1.1 million in 2021 from affiliated company First Rock […]