Warehouse Receipt Financing Facility
This is a loan facility offered to customers who sell crops through AHL Commodity Exchange (AHCX) to give them freedom in times of lean cash flow. Who can apply? - It targets medium-sized farmers and commodity traders who are members of AHCX and have deposited crops with AHCX.
Terms & conditions of loan
- Mandatory credit life insurance.
- Maximum tenor is 3 months
How to apply
- Submit a receipt authenticated by AHCX
- Submit a letter of undertaking from AHCX to remit sale proceeds to the bank
- Open an account with Centenary Bank Ltd and deposit your crop commodities with AHCX