Drop and Draw

Parkway Drop and Draw

This product is a modified contributory scheme structured to provide convenient and quick access to bulk working capital for our customers that generate daily cash inflows (traders, artisans and other daily income earners). Based on the customers average daily sales, the customer is required to lodge this amount on a daily basis for ten consecutive days upon which the customer is availed a credit facility of thrice the deposited sum, while the customer continues to pay on a daily basis till the facility is fully liquidated under a 30 day-revolving arrangement.

Features and Benefits: 

  • Access to bulk working capital.
  • The business volumes (as measured by daily sales lodgment) determines the borrowing capacity
  • Generates regular cash inflow that allows for business growth and expansion
  • It is a modified daily contribution scheme
  • Low cost of financing and convenient repayment plan
  • No additional security required