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Proven Endorses Marcus James

Release Date: 
Friday, January 2, 2015

Proven Investments has acquired a 49% stake in Access Financial Services Ltd. This results in Proven being the largest single shareholder in the 14 year old company, with Marcus James, founder, having the second largest shareholding.

Christopher Williams, CEO Proven, expressed his delight in the acquisition. "We are very excited about this acquisition as it has afforded us a giant move into the microfinance industry and provides a perfect complement to our microlending entity Asset Management Company Ltd. (AMCL). Proven has bought into a profitable company which has shown exponential growth since inception in 2000. Access' track record is remarkable and we look forward to the continued strong leadership of Marcus James as CEO".

In his response to the acquisition, Marcus James expressed his enthusiasm and commitment to working with the team at Proven. He states: "This acquisition is a positive development for Access and I look forward to continuing to lead the team and to the establishment of a common vision for the organization and for maximum returns to our shareholders."

Access Financial Services Limited is one of the leading microfinance institutions in the Caribbean and has a network of 16 branches island-wide. The company offers a wide range of business and consumer loans and is the recipient of local and regional awards for its contribution to the development of the microfinance industry in Jamaica.