Crimson Capital has been invited to present Purchase Order Finance at the World Bank as part of the “Innovative Financial Solutions for Development” series.
Purchase Order Finance (POF) -- sometimes also referred to as “contract financing” or “pre-shipment financing” -- is effectively an advance by the lender to the borrower for working capital secured by a verified purchase order or sales contract. POF is a transaction-based form of working capital finance that allows SMEs to fill more frequent and/or larger orders and thereby grow and become more profitable.
Crimson will be presenting its successful work introducing Purchase Order Finance in Bolivia through the USAID-funded ARCo project, and plans for further roll-out of POF in Bolivia’s Northern Amazon Region.
The Crimson POF presentation will take place at the World Bank in Washington, DC on Thursday, March 25, from 12:30 -14:00 in room H3-290.