The name implies Local Purchase Order Finance (LPO Finance), a short-term facility needed for execution of purchase orders or supplies etc. An LPO is issued in the business name/trading name of the member or non member. However we will prefer to deal with conglomerate or blue chip companies that would have been in business for not less than five years and also has a track record of meeting financial obligations.
In addition the applicant and LPO issuer must agree to domicile all payments in favor of the cooperative.
