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 […]
At age 24, Kadeen Mairs took a bold decision to leave his job as a loans officer at a commercial bank and set up M24 Investments, offering loans to microbusinesses in Lucea, Hanover. The Westmoreland native later sold his ownership stake in the business to an investment brokerage firm in 2014, with his loan portfolio later […]
Private equity firm FirstRock Private Equity Limited, out of Barbados, has entered into a definitive agreement with Bahamian manufacturer and retailer My Ocean Limited to purchase a minority interest in the company. FirstRock Private Equity is a member of First Rock Group but is not an affiliate or a subsidiary of FirstRock Capital Holdings, which is […]
The additional capital has been secured by Dolla Financial Group Chief Executive Officer Kadeen Mairs, who has sold his almost six per cent equity stake in the company to Dequity Capital, a St Lucian-registered privately held investment company, which previously had a 19 per cent equity stake in the company.
Jamaican microfinance outlet Dolla Financial Services has expanded to Guyana, establishing a local subsidiary there, which is poised for rapid expansion. Dolla Financial, which is a part of the FirstRock Capital Holdings group, has set up Dolla Financial Services (Guyana), which has just commenced operations. Dolla Financial Services Guyana is the first private microfinance outlet to […]
KINGSTON, Jamaica — Former Prime Minister of Jamaica, Bruce Golding has been appointed Chairman of First Rock Global Holdings Barbados Limited, a member of the First Rock Group.Golding joins in a non-executive capacity of the Caribbean private equity firm, along with newly appointed Managing Director Chris Yeung. The First Rock Group, co-founded by Ryan Reid […]