A Little About
Monaire Financial
The Monaire Financial Services is a micro credit institution operating in St. James, Jamaica since 2006. The company which was started by Dwayne Trail along with two Canadian investors was established with a vision to provide affordable and accessible financial services to low income persons, most in Western Jamaica, helping them to transform their lives, business and the lives of their families.
The company maximizes on the opportunities in the global $10 Billion-dollar micro finance industry by offering small business and personal loans to individuals at one of the lowest interest ratesand in the shortest possible turnaround time.
Throughout its fourteen years of operation, the company has developed a strong reputation for service and dependability among its clients. The company is also on the list of Development Bank of Jamaica’s approved Micro Finance Institutions and a member of the Jamaica Association of Micro Financing.
Vision Statement
The number one choice for inclusivefinancial services, financial freedom and wealth creationMission Statement
Raising the bar in creating new and innovative solutions that meet the financial needs of our clients. We provide solutions that canhelpanyone progress along a pathway to financial freedom and intergenerational wealth creation.Monaire Services
In order to address the customer needs and seize market opportunities, the company offers a wide range of low-cost micro credit loans to small businesses and individuals, primarily government employees.
In response to the need for fast turnaround, the company maintains a lean operational structure which allows quick response to market conditions and an ability to process loan applications and disburse within 24-48 hours which gives it a unique value positioning in the minds of customers.
The company will be moving swiftly to institute its impending partnership with Grace Kennedy to facilitate receipt of remittance transfers and will also be exploring the inclusion of insurance on all its loans. This insurance is intended to provide protection against outstanding loan obligation in the event of death, diagnosis of a critical illness (heart attack, stroke or cancer) or loss of job involuntarily. This will be done in collaboration with the National Commercial Bank Insurance Company who will pay the outstanding balance on the loan, the outstanding balance as per a loan scheduleor death benefits based on the agreed insurance coverage on the life of each individual loan/mortgage customer.
WE'VE GOT YOU COVERED!
More About Monaire
While the company prides its self on finding a solution against all challenges, the company’s practitioners have learnt the art of saying no, especially on terms and conditions that would negatively impact an individual’s capacity to pay, whether in the short or long term. In light of this and in recognition that microfinance is not a panacea and cure-all intervention of the financial challenges faced by its customers, the company will be exploring partnerships to roll out its Wealth Creation Club. Customers, particularly business customers will be able to sign up to this club and receive coaching on how to set financial and personal goals and chart a pathway towards their desired goal for financial freedom and wealth creation. They will also receive regular talks on financial management, career development and also business advisory services to help them grow and thrive in their business. This club facility will be particularly pushed through its existing relationships with the various employers and tailored to the needs of clients. To increase the options available to its clients the company will also explore crowd funding arrangements.
Monaire will also be considering opportunities in providing debt collection services for other micro financers who currently have limited capacity in this area.
© Copyright . Monaire Financial Services. Developed by New Generation Technology