1. Registered and Operating Business

• The applicant must be a legally registered business/entity.
• Valid business licenses, permits, and incorporation documents are usually required.

2. Valid Local Purchase Order (LPO) or Contract

• The borrower must present a genuine and verifiable LPO, contract, or supply agreement from a reputable purchaser.

3. Proven Business Experience

• The business should demonstrate experience in the relevant line of trade or contract execution for at least three  years.

4. Satisfactory Account Conduct

• Good account turnover and satisfactory banking history are normally required.
• The bank reviews:
  

• Cash flows
• Transaction activity
• Existing liabilities
• Repayment behavior

5. Ability to Execute the Order

• The borrower must demonstrate operational capacity to fulfill the LPO, including:
  

• Supplier arrangements
• Technical capability
• Logistics arrangements
• Human resources/staffing

6. Acceptable Credit Assessment

• The customer should meet the bank’s credit risk assessment requirements, including acceptable credit history and repayment capacity.

7. Defined Source of Repayment

• Repayment is expected from proceeds generated through the financed contract or supply arrangement.

8. Domiciliation or Assignment of Proceeds

• LPO proceeds to pass through the account of the borrower for easily manage repayments of the financed amount.

Terms and conditions apply. Lending is subject to credit assessment and Bank approval.