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Loan opportunity for Jamaicans’ Olympic dream

by

JOB NELSON - Sports Coordinator
February 05, 2024
Supreme Ventures Limited’s (SVL) Chief Marketing Officer, Heather Goldson (second left), has the attention of Jamaica Olympic Association (JOA) President, Christopher Samuda (second right), and Chief Executive Officer and General Secretary, Ryan Foster (right), as SVL’s Executive Chairman Gary Peart listens, during the signing of a five-year, $75-million partnership at the JOA’s headquarters on Friday.
Supreme Ventures Limited’s (SVL) Chief Marketing Officer, Heather Goldson (second left), has the attention of Jamaica Olympic Association (JOA) President, Christopher Samuda (second right), and Chief Executive Officer and General Secretary, Ryan Foster (right), as SVL’s Executive Chairman Gary Peart listens, during the signing of a five-year, $75-million partnership at the JOA’s headquarters on Friday.

Supreme Ventures Limited (SVL), under its microfinancing subsidiary McKayla Financial Services, has joined the new trend for banking institutions to provide non-traditional loans and will offer Jamaicans seeking to attend the Paris Olympics later this year a monetary advance.

Heather Goldson, SVL's chief marketing officer, at a press conference at the Jamaica Olympic Association's (JOA) Cunningham Avenue headquarters in St Andrew on Friday, outlined that McKayla aims to provide Jamaicans the opportunity to watch the action live.

"Most of us are very excited about Paris 2024. This Olympics is not to be missed, as Jamaica's athletes are again poised to create history. Jamaicans will be tuning into various channels to watch the live action, but why settle for watching on TV when you can experience it live?

"McKayla Financial Services is offering a competitive loan product for Jamaicans to be in the stadium during the Paris 2024 opening ceremony. The microloan comes with a discounted interest rate and flexible repayment options," Goldson said.

In recent years, several microfinance entities have offered loans to Jamaicans outside the traditional norms. These were, however, mainly for entertainment events, such as Dream Weekend and Carnival.

According to Goldson, the loan will be a total package, which will be a partnership with Expressionz Travel, and will provide airfare, accommodation and Schengen visa processing. The package is for US$3,799 (J$600,000) for each individual.

"Picture yourself at the opening ceremony, on the Seine River, experiencing the magic of the Olympics like never before. With a straight flight from Montego Bay and your mind at ease with the low-interest McKayla loan, your journey to Paris couldn't be easier," Goldson said.

She disclosed that more details about the "once-in-a-lifetime opportunity to be a part of history" loan will be disclosed soon.

The offer to Jamaicans is in tandem with the $75 million that SVL will provide the JOA for the next five years, a renewal of a former partnership between both entities that was worth $45 million over three years. The money is used to support the Olympic ambitions of the island's athletes.

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