Wealth launches microfinance company
CREATIVE Media and Events, the company behind the Wealth brand, has now entered the microfinancing market.
The firm announced this week that it will in December start offering loans up to $350,000 through Wealth Access Limited, a microfinance outfit targeting middle income employees, entrepreneurs and small and medium-size businesses.
"Having already established several successful media properties, the team which started Wealth Access felt it was time to venture into a new market to find additional ways to continue to empower and inspire our people. Hence, financing someone's dream was a natural evolution of the Wealth brand," the company said in a press release.
"Wealth Access will offer a unique experience that makes everyone involved significantly better off, by empowering them to pursue a better quality of life."
The company revealed that it has partnered with Norman Horne, Chairman of ARC Group of Companies, in the venture.
"Horne has seen this business venture as a chance to provide equal opportunity to various Jamaicans and as such is proud to partner with the Wealth Access team," said the press release.
Creative Media and Events was founded by Garth Walker and Leighton Davis. In March 2009 the duo introduced the Wealth Magazine brand. Other arms of Wealth include Wealth Magazine Business Access, Wealth Magazine Corporate Click, Wealth Magazine Home Sweet Home and Wealth Auto Zoom.