Term Fi­nance, one of the Caribbean’s largest web-based fi­nan­cial in­sti­tu­tion, launched its in­no­v­a­tive On­line Fi­nan­cial Well­ness plat­form, which will be at no cost to in­di­vid­u­als and mi­cro, small, and medi­um-size busi­ness­es (MSMEs) us­ing this plat­form.  

In a news re­lease, Term Fi­nance said this plat­form aims to up­lift the lives of in­di­vid­ual con­sumers and MSMEs across the Caribbean.  

“The launch of the Fi­nan­cial Well­ness plat­form sig­ni­fies Term Fi­nance’s un­wa­ver­ing com­mit­ment to em­pow­er­ing in­di­vid­u­als and small busi­ness­es to nav­i­gate their fi­nan­cial jour­neys with con­fi­dence and clar­i­ty. Through a seam­less on­line ex­pe­ri­ence, users gain ac­cess to a suite of tools, re­sources, and ed­u­ca­tion­al sem­i­nars all de­signed to ad­dress key as­pects of fi­nan­cial man­age­ment and em­pow­er­ment,” the re­lease stat­ed. 

The fi­nan­cial in­sti­tu­tion has com­mit­ted over $ 1 mil­lion to the project.

CEO of Term Fi­nance, Oliv­er Sab­ga, said, “We see this pro­gramme as a ma­jor in­vest­ment in­to our cus­tomers’ well­be­ing, which in turn would un­doubt­ed­ly strength­en our brand in the house­hold. We are on a mis­sion to be­come more than just a lender. We want to be a fi­nan­cial one-stop shop for our cus­tomers.”  

Term Fi­nance not­ed that this on­line re­source al­lows cus­tomers to reg­is­ter for a va­ri­ety of vir­tu­al sem­i­nars, cov­er­ing top­ics such as how to save, in­vest­ing in lo­cal stocks, in­vest­ment bank­ing, grow­ing your small busi­ness, buy­ing or rent­ing and over­all fi­nan­cial man­age­ment.  

It added these sem­i­nars will be led by in­dus­try ex­perts and tai­lored to pro­vide prac­ti­cal in­sights and ac­tion­able strate­gies. 

Term Fi­nance is a T&T-based on­line lender, fo­cused on pro­vid­ing re­spon­si­ble cred­it, prod­uct fi­nanc­ing and Mas­ter­Card prod­ucts to em­ploy­ees and small-medi­um size busi­ness­es across T&T, Bar­ba­dos, Guyana, Ja­maica, and St Lu­cia. 

In March 2021, First Cit­i­zens ac­quired 19.9 per cent of the hold­ing com­pa­ny. With fi­nan­cial back­ing from First Cit­i­zens, the busi­ness has grown to ser­vice thou­sands of cus­tomers re­gion­al­ly every month.