Dolla Financial Services Getting Set For Regional Expansion

  • Mirco-lender Dolla Financial Services has announced that it will expand further in the region shortly. 
  • In that regard, the company says it is awaiting consent from the Bank of Jamaica, to proceed with operations in St. Lucia and Barbados. In addition to Jamaica, the company is already operating in Guyana.
  • Regional expansion is one of the strategies being used by Dolla to increase revenues and profit. In 2021, the Group established its fully-owned subsidiary, Dolla Guyana Inc, which contributed 11% to its total income and 13% to its profit before taxes in 2022. The expansion of its operation in other territories will enlarge the company‚Äôs loan portfolio, allowing it to generate income and returns for its shareholders.

(Source: RJR News)