LOCAL PURCHASE ORDER (LPO) FINANCING

LPO financing allows clients who have obtained purchase orders or letters of award to deliver goods and services or to carry out contractual works.

In accounting, LPO means Local Purchase Order, document issued by a buyer to a seller, indicating the products, quantities and agreed prices for products or services that the seller will provide to the buyer within the national or local boundaries.

The local purchase order is important in that it protects the seller from incurring losses and the buyer from receiving wrong products. Most organizations have a local purchase order sample which is used to create other local purchase orders.

At Stockcorp Microfinance Bank Limited, this product is granted to customers who seek financial support for financing job orders from reputable and credible organizations obtained locally.

FEATURES

• ♦  Access to readily available credit within clients own timing.
• ♦  Opportunity to ease working capital constraints.
• ♦  Maximum tenor of 120 days (four months).
• ♦  Fixed interest rate.
• ♦  Easy approval.
• ♦  Instant access to your money.
• ♦  No waiting periods.
• ♦  Hassle-free application processes and quick approval times.
• ♦  Advanced support for you to manage your loan more easily.