The Namibia Procurement Fund is a bridging finance solution for SME’s experiencing high growth and needing short term finance to meet contracts obligations. NamPro fund offers the following product to SMEs:
– Short Term Working Capital Finance: This product is suitable for SMEs that have been awarded contracts to deliver on assignments (such as a construction contract or maintenance contract). Professional service providers (Consultants) with contract to deliver services can apply for Working Capital.
– Operating Finance Leases: SMEs awarded a contract that requires that they acquire plant and machinery to execute the contract over an extended period.
– Asset Backed Finance Leases: SMEs awarded contracts that require them to acquire plant and machinery to execute the contract over extended period.
– Performance Guarantees: SMEs who have secured supply contracts/value add related contracts and are expected to provide a Performance Bond.
Eligibility
– You must have acquired a tender or purchase order
– The tender must be supplied by a large company
– For equipment financing an operating lease agreement is required.