FOREX RATES

Business deals sometimes arrive when you don’t have enough capital, whether it’s a purchase order or a Letter of Award. You shouldn’t let such opportunities pass you by, and this is why we offer LPO Financing: to let you meet your working capital needs and continue operations.

• Tailored to contractors and vendors of reputable organizations
• Maximum tenure is six months with the option of a 90-day renewal after the expiry of the facility
• The Facility Amount does not exceed 70% of the supply order
• Irrevocable agreement in respect of contract proceeds is executed by the FCB Customer, First Community Bank and the organization issuing the LPO
• The organization issuing the LPO must be reputable and financially sound e.g. the National Government, County Governments and key reputable companies
• Shari’ah Contract: Diminishing Musharaka / Murabaha

• Personalized service
• There are no hidden charges