Consignment Financing

Purpose: PBP’s financing boost bridges the maker-retailer gap. In the world of commerce, makers often struggle to fulfill retail orders due to financial constraints. Enter PBP's business boost—a lifeline that empowers makers to bring their creations to life and meet retailer demand at ease.

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Consignment Financing

Details

  • Process:

    1. Maker applies for consignment financing with PBP.

    2. PBP advances 50% of the order form/delivery note value to the maker.

    3. Maker delivers goods to retailer.

    4. Over the next months, sales will be directed to PBP until the initial advance is fully recovered.

    5. Upon repayment of the advance, PBP will remit any surplus funds to the maker subtracting the admin fee.

    6. Future sales go directly to the maker.

  • Loan Amount: Up to KES 1,000,000 against one or more stock delivery notes. 50% percent advance against value in stock delivery note/vendor form.

  • Tenor: 1 – 12 months

  • Charges: 0.83% admin fee per month

Eligibility Criteria:

  • The business must be based in Kenya

  • Must have a national ID (front and back images).

Documents required:

  • Signed consignment agreement with the retailer.

  • KRA pin, personal or company.

  • Proof of business registration

  • Proof of business location is optional, mandatory if business location exists.

  • Financial statement (3 months of MPESA or bank statements.

To apply