Cooperative Marketing Finance
This product provides finance to local trading and enhance national product. KFH shall purchase merchandise of high demand by consumers from original supplier e.g. factory or supplier and sell it to cooperative societies and supermarkets and Ministry of Health. KFH shall settle the value of these purchases in cash and on the spot to supplier.
- Service requirements
Finance request form – a letter expressing company’s wish to be listed in cooperative marketing – 3 recent balance sheets – company’s legal documents – list all items.
According to this product supplier shall not have to wait for the collection period of the sold goods value. However, the supplier is obliged to deliver goods to the cooperative society or Ministry of Health stores on behalf of Kuwait Finance House.
Fees shall be charged based on presented study and company’s sales.