Contract Finance

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


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


Fees & Rates

Interest rate is 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


  •  Access to finance for smooth contract execution


A Business Tip Every SME Owner Should Know

The biggest problem founders and owners of small businesses have is that they are experts in

Always Budget When You Borrow Money

Before you borrow money, ensure you can make the monthly payments.

Failure to do so

Asset Finance TIPS

Starting a business is a tricky affair. Maintaining the business momentum and a competitive edge