This entails the purchasing by FAMILY BANK, invoices or promissory notes from a supplier’s selected customers. This is a short-term trade finance product usually with a tenor of 180 days or less. The bank typically does the discounting with recourse to the supplier.
Competitive rates are offered depending on volumes
Requirements;
Discounting facility or payment guarantee in favour of the bank.
Customer’s letter of request.
Invoices and/or Bills of Exchange and/or Certificates of work done
MPesa