Agri Supplier Financing

Agri Supplier Financing allows you to access funds based on your outstanding invoices. Instead of waiting for your customers to pay, Avenews advances you up to 85% of the invoice value, helping you maintain smooth cash flow and grow your business.

We understand that quick access to funds is crucial for your agribusiness. Our process is fast and easy, with approval possible in less than 48 hours:

• Step 1 - Application: Complete our online application form to check eligibility. If eligible, you will be automatically transferred to set up a call with our financing specialists. (Time: 4 minutes)

• Step 2 - Onboarding: Share additional documents through our secure mobile app, such as bank and MPESA statements, and business registration certificates. Our team will assist you throughout the process. (Time: Up to you)

• Step 3 - Business Review: We evaluate your business and provide an official funding offer if approved. If declined, we’ll explain why and suggest improvements. (Time: Up to 24 hours)

• Step 4 - Activation: Sign the agreement online, then submit invoices for financing requests. You can access your funds within minutes after approval.

We are committed to making the process fast and simple.

The markup is based on a daily rate of 0.17% of the financing amount and is applied for the entire financing period, starting from the day the financing is disbursed to your account until the invoice due date.

The financing period is calculated from the day you request funds until the invoice is due, with a minimum of 7 days and a maximum of 60 days duration.

Key Points:

• Markup is calculated in full day intervals.

• The financing period can be between 7 to 60 days.

• Markup is based on the full invoice amount.

For example:

• Invoice Amount: KES 100,000

• Financing Amount: KES 85,000

• Financing Period: 7 days

• Daily Markup Rate: 0.17%

• Total Markup Rate: 0.17% × 7 days = 1.19%

• Markup Amount: 1.19% × KES 85,000 = KES 1,011.5

The financing period ranges from 7 to 60 days, depending on your needs. After repayment, your credit is restored, allowing you to better manage your cash flow and support business growth.

There is no strict limit to the number of invoices you can finance. As long as your total financed amount stays within your approved credit limit, you can submit multiple invoices for financing.

After repaying in full, your credit limit is automatically restored, allowing you to request financing for unfinanced invoices for without any delays.