Contract Finance

Contract Finance is designed to offer finance for the execution of contracts from the HFC- approved list of companies for up to 12 months or below (1 year).



To sign up for Contract Financing you need the following documents:

  • Application form completed                                            
  • Board of Directors resolution to open accounts                                      
  • Certificate of incorporation/registration        
  • Company PIN & VAT                      
  • ID & PIN copies of all directors 
  • Copy of Annual Returns/CR 12 
  • Utility Bill                                        
  • Proposal for borrowing indicating: amount being borrowed, purpose, type of facility required, proposed repayment period and any other relevant information
  • Audited accounts for the last three years
  • Current management accounts


Fees & Rates

The interest rate on contract financing includes Central Bank Rare (Currently 9%) plus a margin of 4%p.a. i.e. 13%p.a. or 10%p.a. for USD loans.

*For USD loan 2% commitment fee



  • Obligor must be the principal contractor or Nominated Sub-contractor having secured contract (s) from HFC approved awarding parties
  • Maximum facility tenor of 6 months, with an option of renewal over a maximum of 3 months
  • Facilities above Kes. 1M or equivalent will require additional HFC acceptable securities
  • Loan amount not to exceed 70% of estimated total cost of executing the contract, 30% of which must be evidenced as customer's contribution



 Contract Finance allows you access to funding for smooth contract execution.


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