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Rafiki Microfinance Bank Letters of Credit
Let us partner with you by issuing Letters of credit to your local or international supplier thereby huaranteeing payment of the goods supplied so long as all the specific terms of the transaction are met.
Rafiki Microfinance Bank Letters of Credit
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