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Working with multiple Partner Distributors
How to use Stockist Financing with more than one Partner
If you buy from more than one approved Partner Distributor, you can use Stockist Financing with each of them. Here is how this works.
How your limit is split
Your overall credit line is set up across the Partners you work with. Each Partner may have its own portion. The total drawn across all Partners cannot go above your overall limit.
Submitting Funds Requests across Partners
You can have several Funds Requests running at the same time, across different Partners
Each Funds Request runs its own period and its own repayment schedule
When one Funds Request is repaid, that part of your limit becomes available again
Worked example
Say you have a KES 1,000,000 overall limit, with KES 600,000 set up for Partner A and KES 400,000 set up for Partner B. You can submit a KES 500,000 Funds Request with Partner A and a KES 300,000 Funds Request with Partner B at the same time. After both Funds Requests are submitted, you have KES 100,000 of limit still available with Partner A and KES 100,000 still available with Partner B.
Why this is useful
If you stock products from several partners, you do not have to pick one. You can use Stockist Financing across all of them, matched to each purchase, with each one running on its own period.