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A financing solution designed to help MSME pay suppliers

Co-operative Bank is Regulated by the Central Bank of Kenya.

Supply Chain Financing

This is also referred to as Payable Finance or Reverse Factoring.

Supply chain finance is a solution to MSME Anchor customer to pay the suppliers upon delivery and submission of invoices.

This facilitates financing for suppliers to the Anchor customer to obtain early payment once they submit their invoices

Key Product Features

PARAMETER

FEATURES

Product Type

Supply Chain Financing

Maximum Loan

100% of invoice value

Tenor

  • Minimum Tenor – 7 days
  • Maximum Tenor- 180 days

Party For Booking Limit

Anchor/supplier

Disbursement Fee / Structuring Fee

1%

Loan Repayment Party

Anchor /MSME Customer

Late Payment Fees

1.25% of outstanding amount on Anchor

Interest

Prevailing bank lending rate currently at 1.08% per month

Payment Processing Fees

Kes . 250

Appraisal Fee

Nil

Fees

All Fees Are Recovered Upfront To The Anchor

Security

For limits up to 2M –Chattels i.e. Motor vehicle discounted at 150%

Cash and Land for exposures above 2M 

Benefits of the Parties Involved

Benefits to Anchor

  • The solution allows the Anchor to maintain or extend the payment terms with the Bank
  • Ensuring the Anchor suppliers have access to working capital.
  • Negotiate Better pricing for purchased goods and services and enjoy cash discounts

 Benefits to Suppliers

  • Alleviate the cash flow challenge of suppliers by accelerating conversion of receivables (invoices) into cash.
  • Extend financial access to suppliers who lack collateral – using approved invoices as a form of credibility and surety.
  • Help businesses to grow with enhanced access to finance

Reduce days of sales outstanding (debtor’s days).

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