Grenadians now have a quick answer to their cash emergency problems with the advent of fast cash payday service.
This service was born out of a need to provide employees of reputable recognized companies with short-term cash advances. These advances will be in direct proportion to the employee’s salary and will be repaid by the employer directly to fast cash.
This repayment is facilitated through a signed salary deduction order by the employee to the employer, prior to the salary advance being disbursed.
The employee must have been at that job for a minimum of one year in a permanent capacity.
Salary deduction must be counter-signed by the accountant or manager.
The company must have been in operation in excess of 2 years, must be a registered company and one that pays its N.I.S and other government related contributions on a monthly basis.
An employee applying for fast cash is required to present; picture I.d, last two or three salary payment slips and job letter if possible. Fast cash is disbursed by way of a g-kard card and can be withdrawn from an A.T.M machine.
Fast-cash ltd. originated in Dominica as the merger of Financial Services Inc. of Dominica and Mapcash Ltd. of the United States of America.
Financial Services provides the various systems and mapcash ltd. provides the i.t. In-frastructure for the disbursement of the advances and is the source of the advances them-selves.
Because fast cash is not a loan but a service there is no interest charge. However, there is a flat charge based on the amount advanced. For example for a salary advance of $500.00 the charge is $89.89. If the advance is $1,000.00 the charge is $169.53.
This service to employees can be further extended by providing them with a longer period to repay the advance.
Fast-cash began two years ago in Dominica and is currently in Antigua and St.Lucia where it is proving to be a tremendous success. In fact monthly pay day advances in these three islands are now well over 100 % above initial expectations and we anticipate a similar pattern for Grenada, Carriacou and Petite Martinique.
Our next launch is scheduled for the island of St.Vincent.
From July to now we would have advanced 45% of our target goal for the first 6 month period.
Grenadians here is your chance to benefit from this service that has already been proven regionally to be what I term, “a solution to the situation”.