Yes! BECI covers businesses dealing in both goods and services.
Since risk cannot be calculated or predicted, everyone in business is at risk, even your most trusted customers. In business we cannot afford to make judgement on subjective grounds.Since risk cannot be calculated or predicted, everyone in business is at risk, even your most trusted customers. In business we cannot afford to make judgement on subjective grounds.
No, BECI covers credit sales made in the local market as well.
When your company`s credit transactions are covered by BECI, the risk of loss through bad debts is highly reduced. BECI credit checks each of your buyers to see if they are credit worthy, and BECI will give advice to your company. BECI pays in event of a claim, there by reducing the level of bad debts. Open credit terms allow your business to grow. The buyer`s resources are not tied by more stringent payment terms, therefore they are able to buy more. This results in increased sales. BECI policy can be ceded to the bank and be used as security where the policyholder has a loan or overdraft facility with the bank.
Credit insurance is insuring your business when selling on credit, against the risk of loss due to non-payment by the customers.
No. Beci is a private company wholly owned by BDC.
This is an acronym used to refer to Export Credit Insurance and Guarantee Company Botswana. BECI started operating in 1996 as a wholly owned subsidiary of Botswana Development Corporation (BDC)