Local Purchase Order (LPO) financing is one of the major credit facilities that bring a good return to the Customer. Local Purchase Order can be initiated by a customer who has an existing relationship with the bank and has been ordered by a company to supply goods or service within a period of time.
- It is a short term credit facility
- It helps the customer to execute secured contracts within the expected timeframe.
- It is an avenue for a customer to generate good profit
- It empowers the customer
- Accessibility to credit facility
- It Increases customers’ wealth.