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 […]

Dolla Financial secures $425 million in private funding

Jamaican micro-financing firm Dolla Financial Services has raised $425 million from private investors so far this year.  It has also engaged VM Wealth as a financial advisor, an indication that it is looking to launch an initial public offering soon. Dolla Financial, earlier this month, raised $200 million with an institutional investor. It previously raised […]

Dolla Financial brokers deal with Derrimon Group

Jamaica-based regional microfinance lender Dolla Financial has signed a deal with distribution company Derrimon Group. The deal brings Derrimon into the micro-loans sector. However, Derrimon’s involvement will be limited to its staff, customers and contractors. The deal will see Dolla Financial being the preferred finance partner for Derrimon’s employees and contractors. With this deal now in […]