Trade Finance Online
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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Trade Finance in Kenya
Mwananchi Credit Limited offers various types of trade finance products to assist customers tender, perform for contracts, expand business activity, and provide working capital.
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 bonds
- Performance bond.
- Advance payment guarantee.
- L.P.O financing.
- Invoice discounting.
- Letters of credit
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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 bonds
- L.P.O financing
- Letters of credit
- Performance bond.
- Invoice discounting
- Advance payment guarantee.
Bid Bonds
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.
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.
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.
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.
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.
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.
Invoice Discounting
These are short term loan financing should be one month in mwananchi credit limited. We discount 50% of the invoice amount that is supplied waiting for 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
These are short term loan financing should be one month in mwananchi credit limited. We discount 50% of the invoice amount that is supplied waiting for 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
LPO Financing
These are short term loan financing should be minim one month to a maximum of 90 days in mwananchi credit limited. We do LPO financing at a reasonable rate MUST be fully secured either logbook 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.
These are short term loan financing should be minim one month to a maximum of 90 days in mwananchi credit limited. We do LPO financing at a reasonable rate MUST be fully secured either logbook 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.
FAQS About Trade Finance
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.
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.
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.
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.
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.
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.)
