Frequently Asked Questions

What is contract finance?

Contract finance is a loan that is provided against a signed contract that your business has won, and the money must be used to complete the contract work.

What is invoice finance?

Invoice finance is a way for businesses to borrow money against the amounts due from customers. It helps businesses improve cash flow, pay employees and suppliers, and reinvest in operations and growth earlier than they could if they had to wait until their customers paid their balances in full.

What is supplier finance?

Supplier finance is a type of supply chain financing that is designed for manufacturers and distributors. It helps them cover supplier expenses, enabling them to fulfil large orders and build inventory while keeping their working capital free to be used for growing the business

How is this different from a business loan?

Contract finance, supplier finance and invoice finance services finance the underlying trade – be that an invoice or a contract –in order to ensure stable cash flow and working capital in the company. Business loans are intended for funding according to existing or future cash needs by implementing investment projects, acquiring fixed assets or shares, or refinancing bank loans.

What else can DiasporaFinance offer?

Our mission is to change the face of business finance, one business at a time. To champion small and medium enterprise owners and honour their dreams and commitment to success by providing innovative financing solutions in a timely manner. To foster inclusivity and growth, by working with enterprises from developing countries to give them a fair chance at success.

We believe in SMEs as an economic force for global growth, prosperity and sustainability, and so we’re enabling financial inclusion within SMEs, for good.

Our door is always open, so if you have a specific need, tell us how we can help you. We’re happy to help.