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Trade Finance

Mwananchi Credit Limited offers various types of trade finance products to assist customers tender, perform for contracts, expand business activity, and provide working capital.

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Our range of innovative and flexible products & solutions offered is to facilitate business support and minimize trade risks, ensuring that your trade transactions are quick and trouble-free.

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Trade Finance Online Application Form

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You Qualify for financing of up to! [item-439_price] with an interest of [item-440_price] and a max loan period of [item-441_quantity] months

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Our Trade Finance Includes

These security documents are sought by many organizations to provide financial undertaking if, for any reason, a successful tenderer fails to proceed with an awarded contract or fails to perform awarded job.

Bid bond.
Performance bond.
Advance payment guarantee.
L.P.O financing.
Invoice discounting.

Trade Finance in Kenya by Mwananchi Credit Limited

Bid Bond

Most bidders are required to prepare a bid bond which is usually a percentage of the bid price during the tendering process. A bid bond could run into a significantly huge amount which could end up tying down a considerable percentage of the limited working capital for the business

We advance bid bond in 30 minutes.
With absolutely no cash cover or collateral.
negotiated fee.

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Performance Bond

After the award of the contract, some company requires a performance bond which a security document that guarantees the applicant due and proper performance of contractual obligations in an underlying contract.

Flexible security or collateral.
Also enjoy flexible fee payment terms for guarantee.
Fast turnaround time.
Reliable we strive to always deliver.
Transparent no hidden charges in our fee structure.

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Advanced Payment Guarantee (A.P.G)

This is a guarantee given by a party receiving a payment in advance from a client. If the party receiving this payment in advance does not fulfill its obligations under the contract , the client will be called up the guarantee to recover the money paid in advance.

Flexible security or collateral.
Also enjoy flexible fee payment terms for guarantee.
Fast turnaround time.
Reliable we strive to always deliver.
Transparent no hidden charges in our fee structure.

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Cheque Discounting by mwananchi Credit Limited

Invoice Discounting

These are short term loan financing should be one month in mwananchi credit limited. We discount 50% of invoice amount that is supplied waiting payment. Must be from reputable institutions.

Copy of the original invoice duly acknowledged by the procuring entity.
Delivery notes for the goods supplied.
Letter of assignment of the receivables executed by the procuring entity.
Latest bank statements for the business

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LPO Financing

These are short term loan financing should be minim one month to maximum 90 days in mwananchi credit limited. We do LPO financing at a reasonable rate MUST be full secured either log book or title deed.

Original LPO/ LSO/ Contract.
Pro-forma invoices for the goods to be supplied/ break-down of costs.
Tangible security e.g. Logbook or Title Deed.

Evidence of similar past jobs done through past invoices and delivery notes.

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Trade finance
FAqs about trade finance

Who is Eligible?

Mwananchi Credit Limited trade finance target customers involved in the tendering process in the following areas:

Suppliers.
Service industry ( consultancy )
Construction business. ( contractors, engineers etc.)

What is invoice discounting?

How Invoice Discounting works is quite simple. It allows your business to release cash against your outstanding customer invoices before they are paid. This means you won't have to wait for your customer's payments to land in your bank account so you can deal with your commitments quickly or build working capital for investment.

Who is invoice discounting for?

Invoice Discounting is ideal if your business has customers on long payment terms (30-90 days). It is used mostly by organisations who have an established finance teams and dedicated resource for collecting payments from customers.

Why should my business use invoice discounting?

Invoice Discounting gives you fast access to cash you’re owed, helping to improve cash flow so you can run your business smoothly and efficiently while building working capital. Unlike a traditional overdraft or loan, it grows in-line with your turnover making this model of commercial funding a flexible solution for managing your cashflow.

It is also perfect if you want to extract the cash value of your customer invoices without your customers knowing you are using our funding.

Do I need to provide any security?

Because Invoice Discounting is secured against your invoices there may not be any need for additional security to obtain funding, however we do carry out our own due-diligence to assess the level of risk. The nature of Invoice Discounting means there is a higher level of risk so we need to ask more detailed questions about your business and key customers.

How long does it take to arrange invoice discounting?

Every business is different. We'll work with you to make sure the funding you get is exactly what your business needs. This means that the length of time to have everything in place can vary depending on how complex your business situation is. We work flexibly from the point of meeting you to understand your business needs. In an ideal world, your facility can be in place in a matter of days, however this also depends on the speed in which we can access the information we need.

What are the costs of invoice discounting?

Every agreement and facility is different. The cost to your business will depend on your needs and the services you choose to use. If you would like discuss how Invoice Discounting would work for your business call us on 0709 147 000 or request a call-back and one of our specialist team will be in touch.

What is the process to arrange invoice discounting for my business?

Like any financial arrangement there is a bit work required at the beginning but after that, any facility arranged will grow as your business grows? After your initial contact with us there will be a confidential discussion with one of our specialists. They will get to know you and your business and arrange a face-to-face meeting. Once we understand the requirements of your business, we will provide an indicative offer to you. Following a new business review and consideration by our credit committee, we will then be able to make you a credit offer. If you choose to work with us we’ll arrange an on-boarding meeting for you after which you may begin sending invoices to us and we will start releasing funds for you to use.

Why Mwananchi Credit?

At Mwananchi Credit Limited our focus is on a positive customer experience.That is why we offer a best rate promise and will beat another lender's price by a significant margin.

We also offer a Switch and Save policy, allowing you to switch over to us, saving you a lot with a swift and hassle-free transition. While some lenders will penalise customers by charging unnecessary fees, we make a point of not charging admin fees, exit fees or repayment fees.

HEADQUARTERS
Eco Bank Towers 10th floor, Nairobi. Opp. 680 Hotel.
Tel: 0709 147 000
Email: info@mwananchicredit.com