Exclusively designed for small and medium enterprises, SME Protect helps companies increase their global presence in highly competitive markets through a cost-effective and easy-to-access solution that allows them to move on from the limiting and traditional Letters of Credit or cash payments terms, towards the most updated sales on open credit terms.
SME Protect is an export trade credit solution, specifically designed for African-based SMEs to support their local and global expansion prospect and to assist them in penetrating high-growth markets.
It is a cost-effective, easy-to-access and manage solution that shifts from the constricting and traditional Letters of Credit or cash payments terms towards the most updated sales on open credit terms.
Aimed at giving Africa businesses ease access to broaden their understanding of trade credit solutions and to accelerate their export business in a secure and reliable means, ‘SME Protect’ guarantees receivables so that SMEs can make transactions on credit terms without having to worry about financial loss.
SMEs can apply for ‘SME Protect’ online. After submitting necessary documents, ECI team will assess the documents if the applicant meets the eligibility criteria. Within three (3) working days, an e-mail about the status update will be dispatched to the applicant. Once the assessment is completed and rendered success, the applicant shall receive a link for the premium amount payment online. After the payment, a receipt of the transaction along with the policy details will be mailed to the applicant immediately.
To know more about SME Protect, email us at [email protected]