This loan is designed to help individuals, suppliers, or companies that do not have enough funds to complete an order. Nyasa Capital Finance requires an approved LPO to fund the order.
An agreement is entered into between Nyasa Capital Finance and individuals, suppliers, companies, and the buyer. When the buyer pays according to the payment terms, the individuals, suppliers, or companies settle the full agreed value to Nyasa Capital Finance.
Repayments are managed by individuals, suppliers, or companies.
LOAN REQUIREMENTS
- National IDs (including witnesses)
- Local purchase order (LPO) or contract
- Stamped bank statements (last 3 months)
- Financial Statements
- Board Resolutions (if applicable)
- Utility Bills
- Original copies of the Collateral
- Blue book for Motor Vehicle not more than 10 years
- Title deeds for Land or House
- Valuation report of collateral
- Security documents
- Business Registration Certificate
- Assignment of Proceeds
- Financial interest clause (on comprehensive insurance)
- Company profile
Order Financing loans range from MWK1,000,000 to a maximum of MWK50,000,000