The product is available to bank customers to finance Local Purchase orders (LPO) and Local Service orders (LSO)

This is against letters of assignment/undertaking by the procuring parties to pay Family Bank, to the account of our customers supplying the goods or providing the services. Repayment period: Maximum of 6 months

Requirements:
1. The business loan application completed in full.
2. Board resolution approving the borrowing (in the case of a company).
3. The Local Purchase Order/Local Service Order duly signed and stamped by the procuring entity.
4. Letter of undertaking/ assignment by the procuring entity
5. The Local Purchase Order must be drawn by a reputable organization
6. Certified copy of PIN Certificate.
7. Certified copy of National identity card