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Grow Your Agribusiness with Fast & Recurring Funding for Stock
Ready to grow? Let's make sure you meet our basic criteria:
Actively trading agribusiness for the past 12 months (not a farming operation)
Registered business or has a valid annual county permit with physical premises
Minimum monthly sales of KES 300,000
12 months of MPESA and bank statements reflecting your operations
With the support of Avenews, I can pay my suppliers on time and meet customer demand.
Grace - Achieng Agro Supplies
Other criteria may apply based on your circumstances
Recurring credit line starting from KES 200,000 with a 1-3 month tenure, boosting your buying power to meet market demand.
Join over 250 agribusinesses who have trusted us to fund them with over KES 1.7 billion
Trusted by leading organizations & partners
What is unique about our financing?
Fuel your growth with smart, flexible, and reliable financing
It's recurring, get the funds, repay on time, and access them again immediately - repeat it to increase your funding and support your growth.
It's flexible,
request the exact amount you need, pay interest only on what you use, and easily manage your funds.
It's for specific transactions, ensuring you make strategic, profitable purchases that align with your business goals.
It's a supplement to your cash flow, allowing you to buy more and meet market demand effectively.
How do I apply for Avenews financing?
1
Apply online
Fill out our online form to see if you qualify. If you do, you’ll get access to your personal financing portal where you can set up a call with our loan specialists and securely upload your MPESA and bank statements to help us understand your business better.
2
Get a financing offer
We assess your application quickly and call you at your chosen time to review your business and discuss any additional information we need. Based on your business performance, we'll evaluate your application and share a no-strings-attached financing offer.
3
Access funds
Love the offer? Great! Accept it and sign the agreement. Once approved, you’ll get your funds within minutes through the Avenews mobile app, so you can get back to growing your agribusiness without missing a beat.
Frequently asked questions
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What is the process for getting the Agri Credit Line?We know quick access to funds is crucial for your agribusiness. Our process is fast and easy, with approval possible in less than 48 hours: Step 1 - Application: Complete our online application form to check eligibility. If eligible, you will be automatically transferred to set up a call with our financing specialists. (Time: 4 minutes). Step 2 - Onboarding: Share additional documents through our secure online portal, such as bank and MPESA statements, and business registration certificates. Our team will assist you throughout the process. (Time: Up to you). Step 3 - Business Review: We evaluate your business and provide an official financing offer if approved. If declined, we’ll explain why, and suggest improvements. (Time: Up to 24 hours). Step 4 - Activation: Sign the financing agreement online, access the Avenews mobile app, request funds, and pay your approved suppliers within minutes. We are committed to making the process fast and simple.
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How much can I ask for?You can apply for an amount between KES 200,000 and KES 2,000,000. During the first 3-6 months, your financing amount may be capped lower than requested. As you complete initial financing cycles and demonstrate strong business performance, your amount limit may increase based on your needs and growth potential.
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What type of agribusinesses does Avenews serve?Avenews supports small and medium-sized agribusinesses in various sectors: Fresh Produce: Fruits, vegetables, fresh herbs, etc. Dry Commodities: Grains, legumes, nuts, spices, etc. Inputs: Seeds, fertilizers, pesticides, animal feeds, etc. Livestock Products: Dairy, eggs, meat, wool, etc. Livestock: Cows, goats, poultry, etc. Animal Feed Ingredients: Cottonseed cake, wheat bran, maize germ, etc. Note: We currently do not finance farming operations, smallholder farming, or businesses outside the agriculture industry. Business Types Supported: Agrovets, millers, processors, aggregators, manufacturers, and other agribusinesses operating within the listed sectors. Eligibility Criteria: Actively trading agribusiness for the past 12 months (not a farming operation) 12 months of MPESA and bank statements reflecting your operations Minimum monthly sales of KES 300,000 Registered business or valid county permit Physical business premises Other criteria may apply.
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How can I apply for the Agri Credit Line?You can apply through our online application.
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How can I check if my business is eligible for a loan?To find out if your business qualifies for financing, submit an application form. Basic eligibility criteria include: Actively trading agribusiness for the past 12 months (not a farming operation) 12 months of MPESA and bank statements reflecting your operations Minimum monthly sales of KES 300,000 Registered business or a valid county permit You’ll receive a quick response once your application is reviewed.
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What is the financing period for the Agri Credit Line?The financing period ranges from 1 to 3 months, assessed based on your business performance. If approved for up to 2 or 3 months, you can choose the specific repayment duration each time you request funds from your Agri Credit Line. After full repayment, you can immediately access the funds again, providing continuous support for your business growth.
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What if my business is not eligible for a loan?If your business does not meet the eligibility criteria, we recommend addressing any gaps and reapplying once you meet the necessary requirements.
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What is the cost for the Agri Credit Line?Avenews only charges a markup on the funds you use. We don't have processing or hidden fees. We don't charge for applying. The cost of the Agri Credit Line depends on the loan term and the amount you select. You can check the exact cost using our financing simulator. Please note that using the price simulator does not count as an application - To apply, please click here.
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What is Invoice Financing?Invoice Financing allows you to access funds based on your outstanding invoices. Instead of waiting for your customers to pay, Avenews advances you up to 85% of the invoice value, helping you maintain smooth cash flow and grow your business.
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Can I choose which invoices to finance?Yes, you have the flexibility to select which invoices you want to finance, allowing you to manage your cash flow based on your business needs.
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What is the process for applying for Invoice Financing?We understand that quick access to funds is crucial for your agribusiness. Our process is fast and easy, with approval possible in less than 48 hours: Step 1 - Application: Complete our online application form to check eligibility. If eligible, you will be automatically transferred to set up a call with our financing specialists. (Time: 4 minutes) Step 2 - Onboarding: Share additional documents through our secure mobile app, such as bank and MPESA statements, and business registration certificates. Our team will assist you throughout the process. (Time: Up to you) Step 3 - Business Review: We evaluate your business and provide an official funding offer if approved. If declined, we’ll explain why and suggest improvements. (Time: Up to 24 hours) Step 4 - Activation: Sign the agreement in our secure mobile app, then submit invoices for financing requests. You can access your funds within minutes after approval. We are committed to making the process fast and simple.
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What is the financing period for Invoice Financing?The financing period ranges from 7 to 45 days, depending on your needs. After repayment, your credit is restored, allowing you to better manage your cash flow and support business growth.
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What happens after I repay my invoice financing?After repaying, your credit limit is automatically restored, allowing you to submit new invoices for financing without any delays.
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Is there a limit to how many invoices I can finance at once?There is no strict limit to the number of invoices you can finance. As long as your total financed amount stays within your approved credit limit, you can submit multiple invoices for financing.
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What is the cost for Invoice Financing?We charge a 1% weekly markup with no processing or hidden fees. The financing tenure is calculated from the day you request funds until the invoice is due. Key Points: Markup is calculated in full 7-day intervals. For any period longer than 7 days, the markup will increase by 1% for each additional 7-day interval. Markup is based on the full invoice amount. Examples: A 7-day term on KES 100,000: 1 interval = 1% markup = KES 1,000. A 17-day term on KES 100,000: 3 intervals = 3% markup = KES 3,000. A 30-day term on KES 100,000: 5 intervals = 5% markup = KES 5,000.
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What is Avenews?Avenews is a well-established Pan-African Fintech dedicated to empowering small and medium-sized agribusinesses with innovative financial solutions. Our financing solutions are tailored to the unique needs of agribusinesses, providing short-term, flexible financing designed to help agri-SMEs increase cash flow, seize growth opportunities, and thrive in the competitive market. We believe in fostering strong partnerships, understanding our clients' challenges, and delivering fast, transparent, and supportive financial services to ensure their success.
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How can Avenews help my agribusiness?Avenews offers financing solutions that supplement your existing cash flow, enabling you to purchase more agricultural products or inputs and meet market demand effectively.
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What funding solutions does Avenews provide?Avenews offers tailored financial solutions to enhance the purchasing power and cash flow of agribusinesses: Agri Credit Line: Short-term credit to buy stock and meet market demand. Invoice Financing: Get early payments on outstanding invoices to maintain a steady cash flow. Our solutions are: Recurring: Access funds, repay, and repeat for continuous support. Flexible: Borrow only what you need and pay for what you use. Cash Flow Boost: Supplement your cash flow to help your business grow.
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How are Avenews' solutions different from a bank loan?Avenews offers fast, short-term financing tailored for agribusinesses: Simplicity: No bureaucracy, no queues—just a straightforward application process. Speed: Once you’re eligible for funding, get quick approval and receive funds within minutes. Recurring Access: Repay and instantly access the same amount without reapplying. Flexibility: Choose your repayment term and only pay for the funds you use, not the entire credit limit. Growth Potential: Your funding amount can increase as your business grows. Transparent Pricing: Clear with no hidden fees. Digital Process: Manage everything online, making it convenient and hassle-free.
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Where does Avenews operate?Avenews primarily operates in Kenya, serving registered small and medium-sized agricultural businesses involved in the purchase and sale of agricultural produce or inputs. We have offices in Nairobi, South- Africa, and Tel Aviv.
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How can I contact Avenews?You can always reach us by: Email at jibiwa@avenews-gt.com Through our Facebook Messenger, On WhatsApp at +254-795-021-243 By phone at +254-111-133-300.
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Does Avenews have a license?Yes, Avenews KE Limited is a licensed data controller and is within the Central Bank of Kenya's digital lender regulation as it awaits its digital lending license.
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