Supply Chain Finance
Our Supply chain finance service is designed to provide organisations with a solution for payment to suppliers.
Open an account nowThe Invoice Discounting Credit Program (“IDCP”) provides working capital financing in respect of contracts performed or services rendered by customers who are vendors of selected private & public sector principals.
Forfaiting is available for our clients who want to meet their medium/long term trade financing requirements. It involves the discounting of future payment obligations on a non-recourse basis.
This product is designed to provide organizations with a solution for making payment to suppliers and vendors for completed contracts as evidenced by accepted invoices.
Features
It is disbursed as a short-term loan with each tranche having a maximum tenor of 60 days.
Benefits
Factoring can be used to meet the short term financing requirements of our clients through the sale of receivables/accepted invoices for a discounted amount without recourse.
Developed to encourage the development of small and medium sized enterprises in the country through the provision of competitively priced loans.
Features
Benefits
Easy access to financing at cheaper rates
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