Carilend Jamaica approves $100 million in VM e-loans 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.
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.
Continued NAV progression and balance sheet strength · EPRA NAV per share increased by 0.8% to 109.1 pence (31 December 2020: 108.2 pence) reflecting improved earnings and valuation uplifts across the portfolio from modest yield tightening and annual rental uplifts · NAV total return (including dividend) of 2.5% for the quarter · Substantially oversubscribed placing raised gross proceeds of £60 million, with strong support from existing and new shareholders. The targeted size of the placing was increased from £50 million during the marketing period due to investor demand and strong acquisition pipeline visibility · Available cash & undrawn debt totalled £132.6 million, with a low net loan-to-value ( LTV ) of 13.4% providing significant operational flexibility. All proceeds from the equity placing have been allocated to acquisitions under non-binding heads-of-terms, and in the meantime have been used to tempora