Dolla Financial Services Limited (DOLLA) Announces Successful Approval of J$500 Million Credit Facility

• DOLLA Financial Services announced that the Company has been approved as an accredited microfinance institution (MFI) by the Development Bank of Jamaica (DBJ).
• With this status, DOLLA now qualifies for funding and has been approved for a J$500 Million facility under their Micro Small and Medium sized Enterprise (MSME) Line of Credit to be disbursed and managed by Mayberry Investments Limited.
• This substantial funding marks a key strategic move for DOLLA, underlining its dedication to growth and innovation in the microfinance industry.
• This approval from DBJ not only attests to DOLLA’s financial stability and vision but also contributes to the economic landscape.
• The proceeds may be used to expand Dolla’s loan book, allowing it to bolster its revenues and ultimately its net profit.

(Source: JSE)