Rezworth Burchenson, VMIL CEO, said the take-up represents a significant positive outlook for the company locally.
Just four months after the launch of Carilend Jamaica by Victoria Mutual Investment Limited (VMIL), the loan facility has hit a milestone of $100 million in approved loans locally, following significant take-up of their VM eLoan offer.
VMIL acquired a 30 per cent stake in Carilend, a Barbados-based fintech company, in 2019. In December last year, the Investments company launched the local arm of the loan provider and introduced VM eLoan powered by Carliend, which is delivered through a fully digital onboarding process.
Carilend, the first online lending platform company in the Caribbean, is an integrated end-to-end solution providing loans to qualified, creditworthy borrowers in the region.
Carilend Jamaica approves $100 million in VM eLoans
loopjamaica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from loopjamaica.com Daily Mail and Mail on Sunday newspapers.
VM Group sets pace with digital services
jamaicaobserver.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jamaicaobserver.com Daily Mail and Mail on Sunday newspapers.