Help Centre
Timing your Funds Request to save money
Smart timing can lower your total cost of financing
When you submit your Funds Request matters. Because the markup is calculated for every day the money is in your hands, the timing of your request directly affects how much you pay.
Submit close to when you need the money
Do not submit your Funds Request weeks before the actual transaction. The financing period starts on the day we send the money, not on the day you spend it. Submitting too early means paying for days you do not really need.
Match the period to your business cycle
If your product gives you a choice between 30, 60, and 90 days, pick the one that matches when you actually expect cash to come back into your business. Choosing a longer period than you need means paying more markup.
Repay early when you can
If cash comes in earlier than expected, you can repay early. Most Avenews products give back part or all of the markup for the days you did not use. See the Repayment articles for more details on early repayment savings.
Example
Say you take KES 100,000 on Agri Credit Line for 60 days at a daily markup of 0.2208%. The full 60 day markup is 13.25%. If you repay on day 30 instead of day 60, you save part of the markup for the 30 days you did not use. The exact savings are explained in the Repayment articles.
Quick checklist
Submit close to when you need the money
Pick the shortest period that fits your real cycle
Repay as soon as cash comes in
Use parallel Funds Requests instead of one long one if you have separate transactions