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. Features/Benefit Includes It is a short…
Asset Acquisition is one of the banks’ products that is mostly used for individuals, mostly market women’s that are willing to purchase a property/commodity to support the success of their business and are also pleased to repay on installment from their daily proceeds. Some of the expected benefits include: The Commodity will be physically seen and tested okay as at…
It is a method we use in financing large capital intensive projects with long gestation period. Benefit to customer It empowers the customer Accessibility to credit facility It is used to mobilize funds Increases Customer profile Basically on fixed asset
This is described as a Joint Venture business between the Bank and the Customer, in which both parties contribute financially to the business and the profit is shared according to the ratio of the capital contributed. As a current account holder, this product best befits your business financial obligations. Features of Diminishing Joint Account Both parties contributes financially parties must…
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This Scheme is designed basically to promote the interest of group of market men and women who have formed for a common financial goal. The group members business may and may not diversify. Many of our customers enjoy this service because of its uniqueness and benefits. Features of Group Credit Finance It is a weekly circles account. Ease of transaction…
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As the name implies, Al-Hayat Get Growing Account (AGG) is a Scheme that is designed towards meeting the needs and demand of the low income earners in the society. Specifically, the small scale entrepreneurs. It is designed to promote the social and economical status of business individuals by increasing the amount of facility been granted time to time while we…