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Rafiki Microfinance Bank Bid Bonds
When tendering to provide goods/services to procuring entities or after award of the contract tendered, we offer our undertaking to the procuring entity on your behalf to cover the risk of no-payment or non-performance.
Rafiki Microfinance Bank Bid Bonds
Client’s liabilities to a lending institution are guaranteed to be met
Protection of both parties in a contractual agreement from credit risk
Facility can help negotiate better terms on the tender and client’s contract
Interested in our Trade Finance?.
Apply NowEligibility / Documents Required
- Rafiki Microfinance Bank Account
- Copy of PIN certificate of the company
- Memorandum and articles of association for companies registered prior to 2015
- Copy of ID/passport for all directors
- Latest annual returns and CR-12 and filing receipt from Registrar of Companies office
- Current tax compliance certificate
- Board of Directors resolution to borrow & pledge security duly sealed
Rates & Fees
- Bid bonds – 1% flat with minimum charge of Kes. 5,000
- Performance Bond – 1% per quarter with minimum charge of Kes. 5,000
- Advance Payment Guarantee – 1% per quarter with minimum charge of Kes. 5,000
- Immigration/Customs/Insurance/ Transit Guarantee – 1% per quarter with minimum charge of Kes. 5,000
- Payment/Financial/Demand Guarantees – 1% per quarter with minimum charge of Kes. 5,000
- Cancellation of uncollected guarantees – Kes. 5,000
Find out more
about Rafiki
Microfinance Bank
Visit any of our Branches
Find a Branch
Reach us on
0711073000
Send an email
info@rafiki.co.ke