About Renmoney LPO Financing/Invoice Discounting Facility

Loans for self-employed individuals DOCUMENTATION REQUIREMENTS FOR LPO FINANCING/INVOICE DISCOUNTING FACILITY 1. SME Credit Memo clearly stating purpose of the loan 2. Bank Statement 3. Valid means of ID of Promoter 4. Valid means of ID of other Shareholders 5. Passport of Key Promoter of the Business 6. Incorporation documents 7. Utility bill 8. BVN of Promoter and other Shareholders associated with the Business 9. Board resolution authorizing the loan and appointing the Promoter as a Representative 10. Business verification report generated by the SME Support team 11. Guarantor Documents 12. Previously executed Local Purchase orders and invoices from Off-taker or Contract Employer (at least 2) 13. Current Local Purchase order to be financed 14. Proforma invoice from Supplier of the Purchase order to be financed These are the minimum documents required however we can process without Guarantor information if the client wants to determine eligibility before getting a third party involved. Other requirements include: 1. KYC for Home and Business address 2. KYC for Guarantor wherever applicable 3. Tripartite agreement/ Domiciliation where applicable 4. Post-dated cheques for Client and Guarantor"

Requirements for savings

• Valid means of identification (Int'l passport, Driver’s license, National ID, Voter’s card)
• Utility Bill of Applicant (Water Rate, Tenement, Rent Receipt or Power)
• CAC
• Applicant's 6 months Statement of Account

States Covered