From partner draw to 5- truck fleet —NCB SME Fund fuels Maragh’s haulage growth

According to Jamaica Observer (General News), KINGSTON, Jamaica – When 32-year-old entrepreneur Romario Maragh decided to start his trucking business in 2018, it was a ‘partner draw’ that helped him buy his first used truck. Today, Ashmar’s Trucking & Haulage operates five trucks, moving containers and other cargo from Jamaica’s ports to customers across the island. NCB has financed the trucks that have supported the expansion of the business, including one acquired through the first NCB SME Growth Fund. Now, Maragh is looking to add another truck to his fleet through the $2 billion NCB SME Growth Fund II. “When an entrepreneur comes to us for financing, the real question is what that financing will allow the business to do next,” said Perrin Gayle, executive vice president, Retail Banking at National Commercial Bank Jamaica Limited (NCB). “For Maragh, another truck means greater capacity to serve his customers and pursue more b