Partners about us: supplier Chartak Fidani received factoring financing on the OZ Planet digital platform
Our company is a major importer of meat products in Uzbekistan. We import frozen meat into Uzbekistan from various countries. The company is growing fast, the number of buyers keeps increasing, and our product range is expanding.
Buyers want longer payment deferrals for our products. For us, it is important to avoid cash gaps and provide our buyers with stable, uninterrupted supplies of quality products.
To do this, cash flows must be continuous. Facing constantly rising costs along with cash gaps, we had to look for cost-effective ways to finance the business. We decided to use factoring as a financial tool and joined the OZ Planet digital platform. As a result, our company can now receive early financing for products already shipped.
Farrukh Musaboev, Director of Chartak Fidani: "Unforeseen circumstances often arise in business that require urgent investment. Such problems must be solved quickly, otherwise they affect both the company's financial stability and the quality of contract performance. This is where factoring becomes an effective solution: the company sells the receivables on its balance sheet and immediately receives the funds it needs without collateral, guarantees or lengthy deal reviews. It is convenient that on OZ Planet you can get this financing online, and documents are approved electronically by signing with an e-signature, ensuring fast and secure document exchange. With no minimum payment amount, companies with small contracts can also use OZ Planet. This is real support for small and medium-sized businesses."
Less than 24 hours passed from submitting the application to the money from Asia Alliance Bank arriving in our account. The funds from the factor helped us stabilize uninterrupted supplies. We can already see that by using digital factoring as our main financing tool, we can plan to buy additional meat storage equipment and further expand in the domestic market.
We are very grateful to the OZ Planet team for their prompt, highly qualified help with every aspect of the factoring deal.
