Welcome to Achim Capital Venture (ACV). This legal page outlines the terms and conditions that govern your use of our website and services. By accessing our website and utilizing our services, you agree to comply with and be bound by these terms. If you do not agree with these terms, please refrain from using our website and services.

1. Incomplete Application Forms

1.1. Applications Lacking Required Details: Incomplete application forms will not be considered for funding. Applicants are required to provide all necessary information as outlined in the application requirements.

2. Supporting Documents

2.1. Documentation Requirements: Applications without all listed supporting documents will not be considered. It is essential that applicants submit the necessary documentation to support their funding requests.

3. Interest Charges

3.1. Interest Rates: Interest will be charged at 20% for the first 30 days of the loan term. After the initial 30-day period, a daily interest rate of 2.7% will apply for each day of late payment.

4. Repayment Structure

4.1. Single Installment: Unless otherwise agreed upon in advance, the loan amount plus accrued interest is repayable in a single installment. Borrowers must adhere to the agreed-upon repayment structure.

5. Repayment Deadline

5.1. Timely Repayment: The loan amount, along with the accrued interest, must be repaid within 30 days of the invoice submission date. Timely repayment is essential to avoid late payment charges.

6. Late Payment Interest

6.1. Late Payment Charges: Late payments will incur a daily interest charge of 2%. It is important to adhere to the specified repayment deadlines to avoid additional costs.

7. Thorough Background Checks

7.1. Applicant and Supplier Screening: ACV conducts comprehensive background checks on both applicants and suppliers to assess eligibility and reliability.

8. Purchase Order Verification

8.1. Valid Purchase Orders: The validity of the purchase order will be thoroughly verified before extending any loan. This ensures that the loan is tied to legitimate business transactions.

9. Product Sample Proof

9.1. Proof of Product Samples: Applicants may be required to attach proof of approved product samples where applicable, as part of the funding process.

10. CSD Compliance

10.1. Central Supplier Database (CSD): Non-compliant suppliers listed on the Central Supplier Database (CSD) will not be considered for government or State-Owned Enterprise (SOE) Purchase Orders.

11. Contractual Obligations

11.1. Client Payment Challenges: In cases where securing client payment becomes a challenge, the loan repayment terms specified in the contract will remain in effect. We work to ensure that borrowers fulfill their contractual obligations.

12. Surety Requirement

12.1. Debt Surety: Applicants may be required to sign as surety for the debt, providing additional security for the loan.

13. Collateral Provision

13.1. Collateral Mandate: Collateral equivalent to or greater than the loan value may be mandatory, adding an extra layer of assurance for both parties.

14. Direct Supplier Payments

14.1. Payment Process: Payments will be made directly to the supplier to facilitate efficient fund disbursement. Proof of payment must be sent to both the supplier and the applicant as part of our transactional process.

These terms and conditions are essential to ensuring a transparent, secure, and efficient funding process at Achim Capital Venture. By using our website and services, you acknowledge that you have read, understood, and agreed to these terms and conditions.

If you have any questions or require further clarification on any aspect of our terms and conditions, please do not hesitate to contact us at:

Email: legal@achimcv.com
Phone: +27 11 572 1154