The Wezesha Stock finance solution serves as a facilitator for a secure, user-friendly, and swift digital platform that caters to Absa Bank's corporate ecosystem. This platform is designed to provide distributors and retailers with convenient access to financing for both stock and working capital.
Who Wezesha Stock is for
- Unsecured LPO financing of up to KES12 million
- Unsecured invoice discounting of up to KES50 million
- Unsecured Bid Bonds of up to KES6 million
- Unsecured loans of KES6 million with up to 60 months' repayment period
- Secured loans of up to 10 years' repayment period
- Choose between variable or fixed interest rate - we give you a choice of 3 interest rate types to suit your business
Benefits
- Flexible repayment options with a choice of principal and interest or interest only are available
- Convenient access to short-term working capital for distributors/retailers
- Improved management of trading relationships between FMCG and the distribution network
- Assurance of definite receivable days for FMCG, facilitating proper planning
- Reduction of payment risk through upfront payment to FMCG/distributors
- Improved balance sheet position with upfront payment against orders
- Facilitation of product growth in targeted geographical segments, leading to increased sales through the distributor network
Need more help?
Call us on:
+254 (20) 3900000 (Landline)
+254 (722) 130120 (Mobile)
+254 (732) 130120 (Mobile)
Email us:
absa.kenya@absa.africa
