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Frequently asked questions
Agri Supplier Financing
Stockist Financing
Agri Credit Line
Agri Buyer Financing
About Avenews
Agri Buyer Financing gives you the money to pay your suppliers right away. You get extra time to pay us back, so you can keep your business running smoothly.
Grain millers and processors, Fresh produce suppliers, Livestock and animal product suppliers (dairy, meat, eggs), Food processors and packers, Suppliers selling to supermarkets, manufacturers, wholesalers, hotels, and restaurants
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 online platform, 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 financing agreement online, then submit your suppliers' invoices for financing requests.
We are committed to making the process fast and simple.
We review your business and invoices, then guide you to the right option based on your needs. You don’t need to choose between Agri Supplier Financing Express or Full Agri Supplier Financing upfront.
Access is based on your invoice value, business activity, and repayment history. Limits can increase as your volumes grow and you repay on time.
Agri Supplier Financing, whether Express or Full, is ongoing, giving you continued access to cash from approved invoices as long as you have available limit.
ASF Express allows you to access up to KES 1.5M to cash out your late payment terms invoices, for a period of 7 to 45 days. You can receive up to 85% of the invoice value, and you repay Avenews at the end of your selected period.
Full Agri Supplier Financing (ASF) allows you to access up to KES 6M to finance your late payment terms invoices, for a period of 7 to 60 days. You can receive up to 85% of the invoice value, and the financing is settled automatically when your buyer pays the invoice on its due date.
Full Agri Supplier Financing offers higher limits, longer tenure, lower daily markup, and buyer-settled repayment.
With Agri- Supplier Financing:
Repayment is tied to your buyer’s invoice payment. Your financing runs until the invoice due date (7–60 days). Markup accrues at 0.17% per day until the buyer pays. When payment comes in, Avenews settles the financed amount and markup automatically, and you receive the balance.
With Agri- Supplier Financing Express:
You repay Avenews on your chosen due date (7–45 days), even if your buyer pays later. A daily markup of 0.23% applies for the period you use the funds. Late charges apply only if you miss your due date.
Yes, you can select the invoices you want to use for financing.
You can finance multiple invoices, as long as the total does not exceed your approved credit limit.
For Agri Supplier Financing (ASF) and ASF Express, if you repay before the end of your agreed period, 100% of the markup for unused days is rewarded as a credit and applied to your next funds request.
Late repayments attract additional charges. It’s important to repay on time or communicate early if there’s a delay.
Once you repay the financed amount plus the markup, your credit limit is restored so you can finance more invoices in the future.
You’ll need business registration details, invoices, and transaction history (MPESA or bank statements).
No. You remain in full control of your business. Agri Supplier Financing only supports cash flow linked to invoices.
We charge a daily markup of 0.23% on the financing value. There are no hidden fees.
You can find the exact cost in our price calculator.
The financing period is 7, 14, 21, or 28 days based on your business cycles.
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