This revolutionary working capital financing facility borne out of a collaboration between Bamburi Cement PLC and Equity Bank (Kenya) Limited, supports our mutual retail customers in making cement purchases.
The tailor-made facility has been a significant boost to our customers and provides them an automated and seamless process to access credit to purchase Bamburi cement.
The retailers make their cement orders directly to Bamburi Cement and the corresponding loan amounts are drawn out of their set facility limits.
At the end of the credit cycle, the customer makes payment directly to their operative account at Equity Bank and the funds are used to pay off the loan.
By the end of 2021, the program had onboarded 162 retailers and processed 6,217 loans amounting to Kes. 2.4 Billion. We look forward to supporting more of our customers in their working capital needs.