It is a capital financing solution used to support your company's operations. Find out more.
Requirements
The company providing services or products must have annual revenues of no less than MZN 27.5 million (USD 500 000).
The EP must operate in Mozambique for a period of not less than 3 years.
The EP must open a current account and have a commercial relationship with Access Bank of at least 3 months.
EP must have a proven commercial relationship with the contracting company for a minimum of 6 months, with a minimum of 2 acquisitions completed in the period in question.
Feature
Amount
According to the client's needs and financial capacity
Term
From 30 to 90 days, renewals up to 45 days
Purpose
Financing of invoices issued to the bank's clients with contracts awarded by companies in the private sector.
Interest or associated commissions
· Interest rate: Prime rate + Spread
· Commission for setting up and organizing the process: Applicable
· Subscription to credit installment insurance: Applicable
Insurance
Credit Protection Insurance
Guarantees
· Pledge of term deposit or current account security
· Property mortgage
· Pledge of goods, equipment, and financing objects
