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Smooth business flowWhether it's a big project or
signing a business contract, we've got you.

What is Bid Bonds & Guarantees?

A bank guarantee that assures tender issuers that you will take up and sign the contract if awarded.
Features
  • Required for government, parastatal and private sector tenders
  • Issued for suppliers, contractors, and distributors
  • Valid up to 12 months
  • Available unsecured for qualifying customers
  • Enhances credibility during the tendering process


Bid bondsHow does it work?
  • The loan is aimed at business clients in supplies and contracting business with Governments, Parastatals, Private Entities, Distributors
  • You can get a loan amount of:
    • 1. Bid Bonds (5-10% of Project Cost): You can get up to Kes 15M and unsecured up to Kes 5M subject to ability
    • 2. Bank Guarantees/ Performance Bond: You can get up to 150M
Bid bondsHOW TO APPLY?Need a guarantee that you will fulfill your contract obligation? Let us help you, apply today.Want to know more about Bid Bonds & Guarantees?If you want to know more, we've put together some frequently asked questions for you.

    Bid bond above Kes 5M

    • Secured by cash or conventional security forming an aggregate of 100% subject to credit appraisal

    Bank Guarantees

    • Secured by cash or conventional security forming an aggregate of 100% subject to credit appraisal

    Performance Bond

    • Secured by cash or conventional security forming an aggregate of 100% subject to credit appraisal