Delayed payments from mines, parastatals, and government bodies cripple SMEs’ cash flow—especially in fisheries, tourism, and manufacturing. Micronest’s Invoice Discounting converts unpaid invoices into immediate working capital, keeping supply chains moving.
Example: A Walvis Bay fisheries supplier invoices NAD 500,000 to a mining company but waits 90 days for payment. Without liquidity, they can’t pay crew salaries or fuel vessels.
Advance Rate: Up to 80% of the invoice value within 48 hours.
No Collateral: Funds secured against the invoice itself.
Sector-Specific Flexibility:
A Katima Mulilo solar installer invoiced a NAD 1.2 million government project but faced a 4-month payment delay. Micronest advanced NAD 960,000, allowing them to take on two new contracts simultaneously.
Repayment occurs when the client settles the invoice.
Aligns with Bank of Namibia’s liquidity guidelines for SMEs.
