What is Invoice Discounting with Recourse (IDR)?
Easy IDR is a form of short-term borrowing often used to improve a company’s working capital and cash flow Point of Sale. If you have outstanding invoices and need a quicker access to cash against them it is the right product for you.
Program details & Benefits:
Who is eligible?
Established small businesses which have been operating as going concerns for a minimum of one year, have had a satisfactory account relationship with a bank for at least 6 months and have good systems in place to ensure reliable collections from their customers
The following manufacturing & production sectors are given priority consideration:
Small Business Definition
AIB defines Small businesses on enterprise’s total assets, annual revenues and employees in the following way:
Note: The type of invoice discounting propose is with recourse. This means that in the event the invoice is not paid in full by the buyer, the Bank has recourse against its customer (the exporter/seller). The Bank will just collect the funds from its customer in reimbursement of the cash advance it has made.
Why Choose AIB?
Being the country’s most trusted financial institution and the pioneer bank in providing small business loans, you will be benefited from a simple, fast process, as well as exceptional savings on fees, interest rates and terms.
How to Apply?
We are always ready to help you get started on your application, so please do visit our AIB branch nearest you.
Where to Apply?
AIB branches are located in all major cities of Afghanistan. Please call +93 (0) 20 255 0255 or +93 (0) 790 255 255 to help you find the nearest AIB branch in your area.
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