Kingston, Jamaica – 24 September 2021 – Dolla Financial continues to expand and
diversify, as it inks a deal with Derrimon Trading, a company listed on the Jamaica
Stock Exchange with a market capital of over $10B.
Dolla Financial has already begun to embark on regional expansion, most recently
with their operations in Georgetown Guyana. Derrimon also has distribution
networks throughout the Caribbean region and subsidiaries in North America. As
Dolla Financial forges ties with Derrimon Trading as the preferred finance partner
for its employees and contractors, Derrimon will now be able to offer loan packages
to its staff, customers and contractors, through Dolla.
The partnership is expected to boost performance, staff moral and profits for both
CEO of Dolla Financial Services, Kadeen Mairs, noted “I am excited about the
partnership with the Derrimon Group, its obvious being in the business of lending
Dolla will have a broader array of diversified customer base within the network.
However the partnership means more to us, the insight of its leaders Derrick and
Ian will add tremendous value to the table. It will see us developing new financing
products for persons within the distribution and logistics business as we seek to
find new ways to help individuals and business owners to maneuver to this
Derrimon encompasses within its group, companies such as Caribbean Flavors and
Fragrances, Wood cats International Limited, Select Grocers Supermarket and 7
locations of the popular Sampars Cash and Carry.
Ian Kelly, Group Chief Financial Officer, Derrimon Trading stated “The pandemic has
affected various members of our teams, from securing online learning devices for
their children, to navigating the various Covid-19 restrictions and protocols. We
believe this partnership with Dolla, will help to ease some of the burdens brought on
by the Covid-19 pandemic, by providing our staff and contractors with customizable
and flexible loan options that will give our team that much needed peace of mind as
we all adapt to a new way of living,”
The group employs over a thousand persons directly inclusive of full time staff and
Dolla Financial currently has 8 locations in Jamaica and one location in George Town