Dolla Guyana, which is relatively new to the lending market, has reportedly been making great strides since September 2021, when it was officially opened to the public.

Eager to support individuals from the public and commercial sectors, the branch has promptly given finance to a large number of public sector employees, including those employed by the Ministry of Education, Ministry of Health, Georgetown Public Hospital, Mayor and City Council, and the Guyana Police Force, through its public sector lending.

According to Dolla Guyana’s country manager, Aldane Tomlinson, the company has been able to
develop relationships with several institutions and individuals and is actively seeking to forge new
relationships with other companies to provide convenient financing at low-interest rates to Guyanese
citizens.
“We are very excited about the opportunity for Dolla Guyana to partner with Guyana’s citizens and
adequately address their credit needs through the introduction of Dolla’s loan products,” Tomlinson
asserted.
Since October 2021, the company has become the chosen lender for all Pegasus employees, providing
financing at a low-interest rate with a quick turnaround time.

Tomlinson hinted that this new initiative would boost brand equity and the customer base. This would be accompanied by increased profitability from increased loan books and disbursements, as well as improved diversification. Through its private company relationships, Dolla Guyana has also partnered with entities such as Cevons Waste Management, Rid-O-Pes Inc., and The Corum Group to provide salary deduction loans to staff totaling 610 employees.

Dolla Guyana, whose portfolio grew to just over GYD100 million, or US$510,000 as of March 31,
2022, has also excelled in lending to self-employed people who require working capital loans. The company’s clients include a wide range of micro-enterprises, including contractors, vendors, store owners, and taxi and bus operators.

Dolla Financial Services CEO Kadeen Mairs expressed optimism about the economic impact Dolla Guyana will have on Guyanese citizens.

“I support growth. Just as I want for my company, so do I want for other aspiring entrepreneurs. Whether
an individual owns a small or medium-sized business, Dolla can provide the funding needed to get their
venture off the ground or provide bridge financing to keep operations going,” Mairs said.

The company, on its expansion path, desires to help people in a variety of industries, including oil and
gas, agriculture and agro-processing, manufacturing, retail and distribution, real estate, tourism, and
hospitality.

Guyana’s burgeoning oil production has generated a tremendous opportunity for the country’s economic development, and Dolla said it would work assiduously with a variety of market players to provide finance for employees and enterprises.