BeneFactors is a Rwandan factoring firm. We offer working capital solutions to companies across all sectors of the economy.
If you have pending payments from trustworthy clients but need cash today, we want to hear from you
Farm to Fork Ltd. is a top agriculture industry provider in Kigali offering services to local and international consumers. They work with farmers, with a particular focus on small scale farmers. The company offers a wide range of services including capacity building, research, consultancy, legislative and statutory standard requirements that govern the food industry, often paid for by the government or international organisations, who want to support farmers.
Caroline (The owner of Farms to Fork Ltd) approached BeneFactors Ltd as she was experiencing late payments by private companies and the government - while she knew she would get paid, the overall process was slow and lengthy. As a result, she was forced to delay her work with other clients who were getting increasingly impatient. Caroline was frustrated and worried that the business would not be viable anymore and more uncertainties were growing with every day the payments delayed. However, since she was able to demonstrate to BeneFactors that she would get paid eventually, we were able to factor her invoices and provide her with working capital in order to continue her work at the speed she knew she had the capacity to move at.
By using services offered by BeneFactors Ltd. Caroline was both able to increase productivity and continue operating as a business. Caroline has been extremely pleased with our services and has been recommending BeneFactors Ltd. to many other SMEs in Kigali.
‘My vision is to invest more in people in order to have expert personnel that are able to translate our standards at the same high-quality capacity as me’ - Caroline
Her company’s vision is to invest more in people in order to have expert personnel that are able to translate the standards at the same capacity as her, in order for the business to be ran without her - all of which she hopes BeneFactors Ltd. will be there to not only financially support this business with much potential, but to also guide her in the right directions!
Trattoria is an Italian restaurant and bar in Kigali that is often buzzing with customers. Emani is the current owner of Trattoria and manages the restaurant, bar, catering company and café. He supplies to the government and many other sectors.
Before being referred to BeneFactors Ltd. by a family member, Emani was experiencing bad relations with his buyers as they would delay payments by 3-4 months. For instance, an agreement was signed with a water supply company to provide food for the employees, however, because of the buyer’s bureaucracy issues, Emani was not being paid for months and months at a time. He found himself in a position where his employees were not being paid on time and he delayed supplying as a result of limited cash flow.There was no place he could go to for cash to service his contracts under these circumstances, and the stress was becoming unsustainable for the business and for Emani.
However, because Emani had a good contract with a creditworthy (even if slow) buyer, BeneFactors Ltd. was able to provide the cash Emani needed within 5 working days. He was then able to pay his employees on time and his business was able to continue as normal. This meant that he was able to focus on providing quality goods and services to his buyers without having to worry about his cash flow.
In the short-term Emani’s vision is to support and expand all his businesses. He wants to expand the café, solidify the bar and restaurant and tap into a new market for his catering business. Emani sees himself working with BeneFactors Ltd. as long as he continues to manage different businesses.