Help Centre
Funds Requests for Agri Supplier Financing
How to use Funds Requests with Agri Supplier Financing
With Agri Supplier Financing, every time you want to finance an invoice, 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 85% of the invoice value
The buyer the invoice belongs to
What you upload
One or more buyer invoices, all with the same due date if there is more than one
A delivery note that proves the goods were delivered
Where the money goes
After approval, the financed amount is sent directly to your business bank account. You can use it straight away for your next purchase or deal.
How long the financing period runs
The financing period runs from the day the money is sent to you until the buyer's invoice due date. This is between 7 and 60 days. The longer the period, the more total markup you pay.
Multiple Funds Requests at the same time
You can have several Funds Requests running at once, as long as your total drawn amount stays inside your approved limit. This is very useful for suppliers with many buyer invoices in flight at the same time.
Example
Say you have a KES 4,000,000 limit. You finance one invoice for KES 1,500,000 from Buyer A and another for KES 1,000,000 from Buyer B. You have KES 1,500,000 of limit still available. When Buyer A pays, that part of your limit becomes available again.