Durrant Pate/Contributor

Gaming giant Supreme Ventures Limited (SVL) is now the outright owner of Kingston-based microfinance firm McKayla Financial Services Limited (MFSL)

The move comes as subsidiary Supreme Ventures Fintech Limited (SVFL), which is the majority shareholder of MFSL, signed an agreement for the acquisition of all the remaining shares held in MFSL, bringing its total shareholding to 100 per cent. The sale price is being kept a secret at this time.

SVL through SVFL acquired a majority stake in the micro finance company in February 2021. Our Today previously reported then that SVFL acquired a 51 per cent majority stake in MFSL for an undisclosed sum. 

Incorporated in 2002, MFSL is a micro-financing company that focuses on hassle-free loans at affordable interest rates for individuals and small businesses. 

MFSL is a recognised micro finance institution of the Development Bank of Jamaica and an on-lender for the MIDA funds.

Since inception, MFSL has expanded to seven branches, located in St Ann’s Bay, Mandeville, downtown Kingston, Portmore, Junction, St Elizabeth, and Half-Way Tree, with head office at 7 Lismore Avenue in St Andrew.