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 […]
Dolla Financial to be listed on JSE Junior Market tomorrow
Dolla Financial Services is tomorrow (June 15) to become the latest listed company on the Jamaica Stock Exchange (JSE). This would bring the total listed companies in Jamaica to 99. The micro-financier, which has operations in Jamaica and Guyana, will be listed on the Junior Market of the JSE after the exchange’s Listing Committee gave […]
The Dolla Financial story
WRITING stories about the determination of several people to achieve success in business, over the last few weeks, has certainly pushed many to reach out to me to have other stories told. As I write each week, I am forced to realise that it takes a special breed to dream of running and a business […]
Jamaican equity firm buys into soap and candle making company in The Bahamas
NASSAU, Bahamas (CMC) — The Jamaica-based private equity firm FirstRock Private Equity Limited has acquired a 26 per cent stake in the local hand-made soap and candle company, My Ocean, under a deal brokered by the Bahamas-based company Simplified Lending. “The minority equity position by a regional player in The Bahamas is evidence of the […]
Simplified Lending brokers historic equity deal between Bahamian artisan boutique and Jamaican investment firm
This article was reposted from EyeWitness News, see the original here NASSAU, BAHAMAS — A Bahamian company that started with a few hand-made soaps and a cultural vision is going into expansion mode, moving into spacious manufacturing headquarters and expanding staff and its retail footprint thanks to a partnership with one of the premier investment […]