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Greater access to finance for the south: Axcel opens southern office

Press release

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Small businesses, households and individuals in the South of the island in need of microfinance and Xpress Loans now have a new and customer-friendly service provider to turn to.

As of Tuesday, April 1 2014, Axcel Finance will be open for business in the South of the island. The new branch, located at Gablewoods South will serve Micoud, Vieux Fort, Laborie, Soufriere, Choiseul and environs. Opening hours are 9 a.m. – 5 p.m. except on Wednesdays.

The opening ceremony of the Axcel Finance South will see the presence of Prime Minister and MP for Vieux-Fort South, Dr. Kenny D. Anthony, other government officials, Axcel Finance Executive Management, community members, and business leaders.

Keynote remarks will be given by Prime Minister Dr. Kenny Anthony, at the official opening of the new Axcel Finance branch on Wednesday, April 2 from 10 a.m. at Gablewoods South. The theme of the event will be Microfinance in Vieux Fort and the Future of SMEs.

Axcel Finance commenced operations in St. Lucia in May 2012 with offices on the 1st Floor of the Blue Coral Mall in downtown Castries. The company sees this expansion to the South of the island as an important part of fulfilling its goal of providing all Saint Lucians access to financing at a time when this is not easily available from traditional financial institutions.

Axcel Finance has engaged in several people-oriented initiatives in St. Lucia, which have and continue to make a difference in the lives of our people and our communities. These include a Career Preparation Workshop for secondary and tertiary level students, an NGO Management Workshop, the Axcel Mentorship Programme, Axcel Angels in the community, as well as donations to schools and community-based organizations.

Axcel is the leading microfinance company in the Eastern Caribbean with offices in Antigua, Barbuda, Barbados, Grenada and St. Lucia. Axcel Finance specializes in Xpress Loans, hire purchase and small business financing for persons who would normally have difficulty accessing finance from the traditional banking sector. Personal loans for education, home improvement, emergencies and contingencies are a significant proportion of Axcel Finance’s loan portfolio.

Axcel empowers its clients by providing them with the means to realize their dreams.

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4 comments

  1. This is gr8! Axcel helped me personally, they offer amazing service and their interest rates is way below other options for short term loans.

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  2. You know that I know

    Welcome to section of the country with the highest unemployment rate and the lowest spending power. I give you 1.5 years. For your sake let us hope the government do not retrench because that is all there is.

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  3. Interest rate may be high but lenders always give the option to accelerate principal payments. If you pay your loans on time and perhaps ahead of time, you can save quite a bit. Lucians have a habit of not paying loans. That is why we ALL are faced with such high rates.

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  4. "Greater access to finance..." or PREDATORY LENDING, which?

    Why are your interest rates so exhorbitantly high?

    I am sorry for the poor people of the south; those who are unaware of your .... high interest rates!!

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