Bowen LPO Finance
- Application Letter
- Awarded Local Purchase Order
- Confirmation of payment of LPO proceeds by awardee to applicants account with Bowen Microfinance bank.
- Direct payment to the vendor by the bank
- Confirmation of product quality to tally with specific given standards.
- Two guarantors. Guarantors to submit 6 months’ statement of account, Form of identification/ID Card of each guarantor, 3 Undated signed cheque leaflets of each guarantor, 1 passport photograph and a signed personal guarantee form provided by the bank
- Undated signed other bank cheques of the applicant.
- Tenor of loan is duration of LPO
- Quotation for the cost to be incurred to execute the contract
- Business and personal profile
- 30% Equity contribution and Micro insurance cover.
- Tangible Collateral which must be at least 150% of the loan value for loan value above =N=500,000
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