Stock/ Working Capital Financing

This product is designed for businesses that hold stock either for processing and/or resale. These include and are not limited to bakeries, retailers/wholesalers, contractors, stockists, pharmacies, motor dealers and spare parts dealers.

The bank will finance the processing of raw material or stock required by client to process into finished good or for onward sale.

Features

• 1. Minimum loan amount of Kshs. 500,000

• 2. Islamic Financing mode – Murabaha

• 3. 12 months for Stock Murabaha Working Capital Financing

• 4. 18-60 months Financing for Construction Materials

Requirements

• 1. Latest six month bank statements

• 2. Cash Flow Statement

• 3. Copy of ID/Passport

• 4. Copy of PIN Certificate

• 5. Copy of certified PIN certificate for the Businesses

• 6. VAT certificate where applicable

• 7. Current Business licenses

• 8. Pro Forma invoices

Limited Companies

• 1. Memorandums and Articles of Association

• 2. Certificate of Incorporation

• 3. Latest Tax returns and filing receipts

• 4. Audited Financial Statements