Leasafric, in its formative years focused its business on providing finance leases to well established corporate clients, mainly in the mining sector. The strategy at the time was to build a high quality portfolio that was necessary to guarantee the company’s initial survival. Today, Leasafric has christened this product as Corporate Lease.

Once the survival goal was achieved, the Company began diversifying its operations to other segments and developed new products. Today, we have established products that meet the requirements of almost all our clients’. These products are:-

MICROLEASE:
This product provides financing for small scale, medium scale enterprises and Trade Associations. Financing for this category is for a minimum financing of ¢50 million and a maximum financing of ¢500 million.

AUTOLEASE:
This facility provides financing for the purchase of new and reasonably used or second hand vehicles. This facility is available to companies, salaried workers and the general public. Autolease also offers corporate bodies the opportunity to assist their staff acquire good and reliable means of transport. Financing under this facility is for a minimum period of 6 months and a maximum of 36 months.

CONSUMER LEASE:
This product provides financing for the purchase of consumer durables to salaried workers and organizations. Minimum deposit is paid by salaried workers applying for this facility. Financing for this category is for a period of minimum of 6 months and a maximum of 24 months.

SHORT TERM FINANCING:
This product is for the financing of short term projects, trade finance for traders, LPO financing for importers, and cheque discounting for suppliers. The maximum tenure for this facility is twelve (12) months and the limit on an application on this facility is ¢500 million.

OPERATING LEASE:
Under this arrangement, the asset is not fully amortised during the lease term, and will revert to the Lessor after the lease term. A secondary lease may be arranged.

SALE & LEASEBACK
This product enables the lessee (corporate or individual) liquidate assets and use the funds for other purposes. The lessee sells the vehicle or equipment to Leasafric and leases it back in return. This enables the lessee liquidate assets while not having capital tied up in the asset.

CORPORATE LEASE:
This product provides financing of high value equipment for corporate bodies. Financing for this category is for a maximum of 36 months and the total value of the facility must not exceed 15% of the total company’s net worth.

The additional products to our services were developed over the years and at different times when Management noticed the need to meet the needs of the respective market segments.

Today, Leasafric has been repositioned on three solid pillars that have reinforced its strategic and operational capacity to deliver sustainable profits.

• a restructured board with a renewed sense of commitment;
• a cohesive and agile management team hungry to make a mark;
• a solid capital base (currently the best capitalized independent leasing company).