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.

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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.

Representative apr is 36% duration 12 months amount of credit kshs 100,000 fixed annual rate 36% total payable 136,000 instalments 11,333. minimum and maximum repayment period loans are typically 12 months in duration, with a maximum 48 month contract. There is no minimum period, as loans can be repaid at any time within the agreed contract, with no early redemption penalties.
Representative apr is 36% duration 12 months amount of credit kshs 100,000 fixed annual rate 36% total payable 136,000 instalments 11,333. minimum and maximum repayment period loans are typically 12 months in duration, with a maximum 48 month contract. There is no minimum period, as loans can be repaid at any time within the agreed contract, with no early redemption penalties.

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.

Invoice Discounting in Kenya
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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.

Invoice Discounting in Kenya
Bid bods

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

Bid bods

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

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.

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.

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

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

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.

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.

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.

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.

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.

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.

Who is Eligible?

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

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