Financing Instruments and Financing Providers

This is a line of credit based on your outstanding invoices at any given time. This special line of credit strengthens your working capital cycle by turning your account receivables into immediate cash to support ongoing business operations. Your outstanding invoices act as our primary source of collateral.

All industries

• Copy of business license

LIST OF KYC FOR LIMITED COMPANIES

1. TIN & VAT certificates
2. Recent Tax clearance
3. Certificate of incorporation
4. Identification documents of directors and shareholders
5. Memorandum and articles of association/partnership deed
6. Board borrowing resolution
7. Certified copy of the latest annual returns
8. Bank statement of the past 12 months
9. Cash flow projections of the next 12 months
10. Management accounts from January to date
11. Audited financials for the past 3 years
12. List of contracts on hand if available

LIST OF KYCS FOR SOLE TRADERS/PROPRIETORS

1. TIN & VAT certificates
2. Certificate of registration & extract from Brela
3. Recent Tax clearance (TRA report)
4. Identification documents for owner/partners
5. Bank statement of the past 12 months/Mobile transaction statements
6. Residence verification letter from local government
7. Board resolution (if it is a partnership

Working Capital, Project Finance, Asset Finance, LCs

Sole Proprietors, Companies, Cooperative societies, Government Institutions.

Depends on the type of client and project type. Key documents include; Business/project write-up including projected financials; KYC papers (certificate of registration, tax clearance, and business license where applicable, previous financials and production records, buyer/farmer contracts if applicable, necessary regulatory permits such as water use rights (if applicable), certificate of maximum liability (CML) for cooperative societies, and others)

Agribusiness

• Farming
• Farm input
• Crop business

• Copy of business license

• Business registration (Formal)
• TIN Number
• NIDA

Purchase of machinery, irrigation equipment

• Running or existing business

• Sales records for the past 12 months

• TADB checklist which includes KYC documents
• Business plan or proposal
• Bank statement for 12 months
• Security documents