KINGSTON, Jamaica – Supreme Ventures Limited (SVL) said on Monday it is in initial discussions to divest the loan portfolio and selected assets of its subsidiary, Evolve Loan Co, to Dolla Financial Services Limited.

The planned transaction is subject to regulatory approval from the Bank of Jamaica and the finalisation of terms.

In a statement, SVL said the move is a capital management initiative designed to optimise its balance sheet and reduce credit risk concentration. Following the sale, Evolve would shift to an asset-light model focused on loan origination and digital services.

For Dolla Financial, the acquisition would expand its microcredit footprint and strengthen its lending platform.

“We believe it will have a positive impact on our loan book by improving balance, scale, and growth potential,” said Dolla Financial Group Chief Executive Kenroy Kerr.

SVL will retain a 15 per cent equity stake in Dolla Financial, preserving exposure to the portfolio’s future performance.

“This transaction reflects disciplined capital allocation and a clear focus on shareholder value,” said Gary Peart, executive chairman of Supreme Ventures. “We are strengthening the group’s financial position while preserving long-term upside.”