Local Purchase Order Finance

Provides short-term financing for fulfilling local purchase orders (LPOs) and local service orders (LSOs).

Provided Grassroots Business Fund

Purchase Order Finance

Amount: KES 100,000 - 3,000,000

Details

Financing Coverage:

  • Up to 100% of PO/SO value.

  • Invoice discounting up to 80%.

  • Pricing:

    • 2.4375% of loan amount (one-time, upfront) for the first 90 days.

    • 0.8125% per month with the loan term based on terms in the PO provided.

  • Repayment Incentives:

    • 10% rebate on total interest for full, on-time repayment within 90 days.

    • No rebate if repayment exceeds 90 days.

Eligibility Criteria:

  • Majority of youth/women-owned and led business enterprises.

  • Operational for a minimum of 12 months.

  • Only assets that will contribute to profitability in the short term are eligible (i.e. revenue generating or cost saving in the short term).

  • Profitable or near-break-even enterprises.

  • Justification of financing need.

  • Provide 12-month bank statements, management accounts, and financial projections.

  • Proof of business ownership and operations.

  • Willing to undergo business visits, credit checks, and BDS.

To apply