Help Centre

Once you are approved for Agri Credit Line, here is how the product works in practice.

Step 1. You find a purchase to make

Your business has a chance to buy stock or inputs. You agree on the price with your supplier and they give you a proforma invoice.

Step 2. You submit a Funds Request

You log into the Avenews portal and submit a Funds Request for the amount you need. You upload the proforma invoice and select your repayment terms based on what you have been approved for: 1 installment repaid on any day you choose between day 7 and day 30, 2 equal installments on day 30 and day 60, or 3 equal installments on day 30, day 60, and day 90.

Step 3. We review and approve

Our team reviews your request. If everything is in order, we approve it.

Step 4. The money is sent to your supplier

We send the money directly to your supplier so the trade can move forward. In rare cases, we may send the money to your own business account if there is a clear reason.

Step 5. The financing period starts

The day we send the money is called the disbursement date. From this day, your financing period starts and the daily markup begins to count.

Step 6. You repay

You repay the amount you drew plus the markup, in installments based on the period you chose. See the article on pricing and repayment periods for the exact schedule.

Step 7. Your limit is restored

Once you repay in full, your limit is restored, and you can submit another Funds Request for your next purchase.