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Invoice Discounting
ojtos
#1 Posted : Thursday, April 19, 2012 4:48:57 PM
Rank: Hello


Joined: 4/18/2012
Posts: 2
Is there a bank and/or group in Kenya who does invoice discounting for government projects.
Many a young men find themselves stuck in the middle of projects, having invoiced part or some pt the projects done.
They need money to continue doing projects as they wait for payment.
alma
#2 Posted : Thursday, April 19, 2012 4:59:57 PM
Rank: Elder


Joined: 7/20/2007
Posts: 4,432
go to bank of Africa. You won't look at another bank ever!
Jose: If I make it through this thug life, I'll see you one day. The Lord is the only way to stop the hurt.
incognito
#3 Posted : Thursday, April 19, 2012 5:03:52 PM
Rank: Member


Joined: 6/29/2011
Posts: 233
I have seen this happen in big operational projects like thermal power plants. Specifically in Uganda. In this case, the Independent power producer (IPP) gets a percentage of the amount invoiced (To the equivalent of KPLC) before pay day. I believe this also happens in Kenya, with IPPs like Aggrekko.
Excelsior
biasharaltd
#4 Posted : Friday, August 24, 2012 11:19:43 AM
Rank: Hello


Joined: 8/24/2012
Posts: 1
hi ojitos, yes there is. we have been financing small and medium sized companies since 2004,
invoice factoring for general business, government contractor accounts receivable, construction sub contractor factoring. LPOs etc.
as long as your business is legit, statements are legit and your buyer is good,we come through in 48 hours max. so cash flow is no reason for a "young man" to not make money anymore, call 0714058769,ask for Mr. Mwangi
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