This financial product has been tailored to assist traders to purchase stock when low on cash or when they anticipate high demand of the product. This financial solution is offered in the form of a credit line limit. A credit line limit is the maximum loan amount a trader can access to finance the purchase of stock; it is computed from the trader’s average monthly sales turnover over a certain period.
Due to the nature of this facility, the repayment of loan is derived from sales. Therefore, we expect the facility to be repaid on a daily basis over a period of 30 days. Upon full repayment, the trader can draw down again on the credit line to purchase more stock. The cycle repeats.
Filled application form
Copy of ID/Passport (Business owner)
Copy of PIN certificate
Copy of business permit
Financial records (minimum 6 months M-Pesa/Bank)