Order Finance

EFC Supports Entrepreneurs

EFC provides order financing to Small and Medium Enterprises (SMEs) for orders yet to be performed. For clients to qualify for Order Finance;

  • The Order must be from a reputable corporation or organization based in Zambia.
  • EFC must confirm the order.
  • To obtain funding, the following documents must be presented for preliminary processing;
  1. Confirmed order
  2. Quotation from a reputable supplier specifying delivery time, payment terms and product specifications
  3. Letter of undertaking from the corporate/organization to remit funds

Benefits

  • Assists enterprises to meet cash flow needs for critical business expenses and other working capital needs.
  • Helps you get discounts on purchases from suppliers.
  • Increases client base and income.

Product Features

  • All facilities range from ZMW 50,000 to ZMW 1,000, 000.00
  • Direct payment confirmation.
  • Maximum tenure is 90 days.
  • 10% processing fee.
  • Credit Life Insurance, mandatory.
  • Interest rates of 10% per month.
  • Cheaper rates.