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Get the financing you need to grow your agribusiness

Get flexible credit from KES 200,000 for 28 days, to boost your buying power and meet market demand.

Ready to grow? Let's make sure you meet our basic criteria:

Actively trading agribusiness for the past 12 months (not a farming operation)

12 months of MPESA and bank statements reflecting your operations

Avenews is open-minded, flexible, and truly believes in its customers. I have the confidence that I can do it because Avenews believed in me.

James - Fresh Produce Traders Kenya

Minimum monthly sales of KES 300,000

Registered business or has a valid county permit with a physical premises

Other criteria may apply based on your circumstances

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Join over 250 agribusinesses who have trusted us to fund them with over KES 1.7 billion

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Trusted by leading organizations & partners

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Read what our clients love about Avenews

Real Stories, Real Growth, Together!

What is unique about our financing?

Fuel your growth with smart, flexible, and reliable financing

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It's recurring, get the funds, repay on time, and access them again immediately - repeat it to increase your funding and support your growth.

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It's flexible,
request the exact amount you need, pay interest only on what you use, and easily manage your funds.

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It's for specific transactions, ensuring you make strategic, profitable purchases that align with your business goals.

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It's a supplement to your cash flow, allowing you to buy more and meet market demand effectively.

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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

  • What is the process for getting a loan?
    Avenews understands that quick access to funds is crucial for agribusinesses. Our loan application and underwriting process is designed to be fast and easy. If you provide all the required information promptly, you can get your loan approved in less than 48 hours. Step 1 - Application Complete our online application form to check if you're eligible for an Avenews loan. If eligible, you'll be able to access your personal loan portal online and schedule a call with our loan specialists to finalize your application. (Time to complete: 4 minutes) Step 2 - Required Documents Done with the application form? Great! Now you’ll be requested to share additional information that will assist us with processing your application. We will mainly ask for official documents such as bank statements, MPESA statements, and business registration certificates. (Time to complete: Up to you) Step 3 - Phone Call We'll call you at the scheduled time to review your application and discuss any additional information we need to process your loan application. If necessary, our team will also assist with sharing the official documents we require in step 2. (Time to complete: Up to 30 minutes) Step 4 - Business Review We'll evaluate your business based on all of the information provided. If approved, we'll get back to you with the official loan offer. If declined, we'll provide you with the reasons and suggest improvements for your next application. (Time to complete: Up to 24 hours) Step 5 - Activation If approved, you'll be able to access your funds within minutes from the moment you sign the loan agreement through the Avenews mobile app. We believe in the value of speed and efficiency, so you can focus on running your agribusiness without delay.
  • What type of loans does Avenews provide?
    Avenews provides short-term business loans to agribusinesses. This loan is designed to help you manage cash flow, purchase agricultural products or inputs, and meet your market demands. Here are the unique characteristics of our loan: Recurring - Get the funds, repay on time, and access them again immediately. Repeat this cycle to increase your funding and support your growth. Flexible - Request the exact amount you need, pay interest only on what you use, and easily manage your funds. Transaction-Specific - The loan is for specific transactions, ensuring you make strategic, profitable purchases that align with your business goals. Cash Flow Supplement - Our loan supplements your existing cash flow, allowing you to buy more and meet market demand effectively.
  • How much can I ask for?
    You can apply for loans starting from KES 200,000 to KES 2,000,000. However, during the first 3-6 months, your loan amount may be capped at a lower amount than you have requested. After successfully completing the initial loan cycles and demonstrating strong business performance, we will consider increasing your loan limit based on your needs and growth potential.
  • What type of businesses can get financing?
    Avenews supports small and medium-sized agribusinesses such as agrovets, millers, processors, aggregators, manufacturers, and other agribusinesses operating in the following 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. To be considered for eligibility, your business should ideally meet the following criteria: Actively trading as an agribusiness for the past 12 months 12 months of MPESA and bank statements reflecting your operations Minimum monthly sales of KES 300,000 Registered business or has a valid county permit Physical business premises Other criteria may apply based on your circumstances Please note that we currently do not finance farming and smallholder farming operations, nor do we finance businesses outside the agriculture industry.
  • How can I apply for a loan?
    You can apply for a loan through our online application form available on the Avenews website or by following this link.
  • How can I check if my business is eligible for a loan?
    If your agribusiness is seeking up to Ksh 10 million to finance an upcoming trade transaction, you are welcome to check your eligibility for an Avenews loan here.
  • What is the loan period?
    The loan tenure is 28 days from the activation date. Once you repay the loan, you can access the funds again immediately, allowing for continuous support and growth.
  • How is an Avenews loan different from a bank loan?
    Avenews provides short-term loans specifically tailored to meet the unique needs of agribusinesses. Unlike traditional bank loans, which often require lengthy approval processes and complex interest models, Avenews' loans are based on the nature of your business transactions. We have the ability to finance recurring agribusiness transactions or deals involving agricultural products and inputs. We use your business performance data to qualify you for a loan, and once approved, you can access funds within minutes. With Avenews, the application process is easy and simplified. All you need to do is provide information about your business - the faster you share it, the faster we can process your request. If you’re quick with providing the necessary details, we’ll keep up with your pace, so you don't have to wait weeks for loan approval. This allows you to receive funds much faster than with traditional bank loans. Avenews' loans are also recurring, which means that once you repay your loan, you can instantly access the same loan amount again to purchase more stock. After successfully completing the initial loan cycles and demonstrating strong business performance, we will consider increasing your loan limit based on your needs and growth potential. This allows you to grow your business more quickly and efficiently, without having to constantly reapply for a new loan.
  • 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.
  • What is the cost of the loan?
    The markup rate ranges between 5% and 10% for the financing period (28 days), determined per client by assessing the business performance and other business criteria. For example, if you receive a loan of KES 200,000 with a 7% markup rate, you would repay KES 214,000 at the end of the 28-day period. Once you repay the loan, you can access the KES 200,000 again immediately.
  • What is Avenews?
    Avenews is a proud Kenyan company dedicated to empowering small and medium size agribusinesses with innovative financial solutions. Our digital financing platform is tailored to the unique needs of agribusinesses, providing short-term, flexible loans 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.
  • 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.
  • 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.
  • How can I contact Avenews?
    You can always reach us by email at jibiwa@avenews-gt.com, through our Facebook messenger at m.me/818868024935016, on WhatsApp at +254-795-021-243, or by phone at +254-111-133-300. We're always happy to help!
  • 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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Set your agribusiness up for success and apply for financing today

Thanks to Avenews, we can confidently plan our purchasing and sales cycles. Their supportive approach has empowered us to grow.

Jane - Muthoni Agro Services

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