Sprint Financial Services Limited is a Kingston-based micro-finance institution (MFI) founded in 2011. The MFI specializes in loan products catering to Jamaicans island-wide and across all social strata, including university students, street vendors, corporate executives and business owners.
Sprint Financial also focuses on convenience through the use of technology to aid in the ease of application for loans, as well as their repayment. The company provides various methods of processing applications and transactions that don’t actually require the physical presence of clients. To this end, Sprint Financial has become a pioneer in personal and business financing through the expedient provision of innovative loan products that facilitate both business and recreational activities.
Since its inception, the MFI has been featured in the press on multiple occasions as it garnered numerous noteworthy accomplishments that include being first to market with unique loan products, such as
leisure loans, and formulating a hassle-free loan application process with use of technology application platform WhatsApp. Sprint Financial also boasts being the first and only MFI to offer factoring services to aid local entrepreneurs and small business owners.
Its most recent achievement, however, has the backing of the Ministry of Science, Energy and Technology. Sprint Financial has completed the development of a groundbreaking mobile application platform that will facilitate a faster payment disbursement process via PayPal for local entities from international vendors. At Sprint Financial, our pride is in Jamaica, and as such, the company will continue to maintain a strong presence within the local micro-finance industry through its keen sense of innovation in the deployment of loan products while harnessing technology to break financial barriers for all Jamaicans.
Breaking financial barriers for all Jamaicans.
To provide funding for Jamaicans from all social strata especially through the use of modern and convenient technological innovations.
The policy of Sprint Financial Services is to provide convenient funding to meet our clients’ requirements in accordance with the highest possible standards of service.
Christopher Paul Barrett founded Sprint Financial Services in 2011 after observing the great number of small business operators in Jamaica who were under-served by the banking industry. With entrepreneurs and persons from lower-income households being typically unable to access cash loans from big banks, Barrett decided to fill this void by entering the micro-finance sector and providing financial solutions that he believed would empower individuals and, ultimately, better the economy.
Barrett started out with a background in aviation before making the transition to entrepreneurship. He holds a Bachelor’s degree in Aviation Flight Management from Florida Memorial College, and has served as a certified flight instructor for Florida’s ADF Airways and as a pilot in the capacity of first officer for Air Jamaica.
He later opened his first business Global Courier Services in 2002. The company, which capitalised on the emerging online shopping trend,
provided U.S. mailbox-delivery services for Jamaicans locally who desired making purchases at international stores but did not have access to a U.S. credit card, a U.S. mailing address or the means to have the package delivered to the island. Five years after its inception, Barrett would successfully steer the pioneering business to become the second-largest courier company of its kind in Jamaica.
Today, Barrett has made Sprint Financial Services a formidable force in the industry by offering a suite of loans catering to all individuals for all purposes while focusing on convenience. He is a member of the Jamaica Association Of Micro-finance (JAMFIN) and boasts being the first person in Jamaica to introduce recreational loans to the public and to institute remote application and repayment options in the industry.