Microfinance company Dolla Financial, headed by its founder and CEO Kadeen Mairs recently tendered a new agreement with a local company Derrimon Trading Limited (DTL).
Derrimon is a publicly listed company on the Jamaica Stock Exchange (JSE) with a market cap of over $10 billion (JMD) and operates businesses throughout the Caribbean region and the United States.
This new deal will allow Derrimon Trading Limited to offer financial solutions to their staff, consumers, and contractors who were affected financially by the effects of the COVID-19 pandemic and is expected to subsequently contribute to swift business recovery.
Dolla Financial has been in the news lately as a result of its continued success. The company currently has 7 locations islandwide and has recently started its regional expansion with the opening of its first Branch in Guyana. The firm is expected to be operating in countries like Belize and Panama in the near future.
In July of 2021, a St. Lucian private investment company Dequity Capital increased its stake in Dolla Financial Services Limited to now hold a 25% position in the company.
