Help Centre
Pricing and financing period for Agri Supplier Financing
Know how charges are calculated, with a worked example
Agri Supplier Financing uses a simple daily markup. The total cost depends on how many days the financing runs.
The daily markup
The markup is 0.17% per day. The total markup is 0.17% multiplied by the number of days the financing runs.
The financing period
The financing period runs from the day the money is sent to you until the buyer's invoice due date. The shortest period is 7 days, and the longest is 60 days.
Worked example
Invoice value: KES 1,000,000
Financed at 85%: KES 850,000
Financing period: 30 days
Daily markup: 0.17%
Total markup: 0.17% multiplied by 30, which is 5.1%
Markup in shillings: KES 43,350
When the buyer pays, Avenews keeps KES 893,350 (KES 850,000 plus KES 43,350)
The remaining KES 106,650 from the buyer's payment is sent to you
Why the period matters
The shorter the financing period, the less you pay in total. If the buyer's invoice is due in 30 days, the period will be about 30 days. If the invoice is due in 60 days, the period will be about 60 days.
Tip to lower your cost
Submit your Funds Request close to when you actually need the money. Submitting too early means more days of markup.