Help Centre
Funds Requests for Agri Credit Line
How to use Funds Requests with Agri Credit Line
With Agri Credit Line, every time you want to use your limit, you submit a Funds Request. Here is how this works for this product.
What you choose when you submit
The amount you want to draw, up to your available limit
Your repayment terms: 1, 2, or 3 installments, based on what you were approved for (the 1-installment option can be repaid on any day between day 7 and day 30)
The supplier you are paying
What you upload
You upload a transaction-related document. For Agri Credit Line, this is usually a proforma invoice from your supplier showing what you are about to buy and the price.
Where the money goes
After approval, the money is sent directly to your supplier. This makes the trade simple and protects everyone in the chain. In rare cases, we may send the money to your own account if there is a clear reason.
Can you have more than one Funds Request running?
Yes. As long as you have an available limit, you can submit more than one Funds Request at the same time. Each one has its own repayment period and schedule. This means you can match each Funds Request to a specific purchase.
Example
Say you have a KES 400,000 limit. You submit a Funds Request for KES 150,000 on Monday for one supplier. On Friday, another opportunity comes up and you submit another Funds Request for KES 100,000 from a different supplier. You now have KES 250,000 drawn and KES 150,000 still available.