Details

We provide guarantees that unlock the potential to tender while considering the customers need for convenience and speed. We have no maximum transaction limit and issue all of our guarantees through Public Procurement Authority (PPOA) approved banks.

Our products include:

  • Bid Bonds
  • Performance Bonds
  • Advance Payment Guarantees

Products

Bid Bonds in 1hr!

We can provide you with written Bid Bonds of up to any amount within 1hr, with absolutely no cash cover / collateral required.

Advance Payment Guarantees in 24hours!

We do not require collateral up-front as we retain a cash cover of only up to 20% once the advance payment is received. We are even able to advance you a loan of up to KES 5,000,000 as you wait to receive the advance payment. Also, enjoy flexible fee payment terms for guarantees exceeding 1 year.

Performance Bonds in 24hours!

The only security required is an upfront cash cover of up to 20%.  We can also give you a loan of up to KES 5,000,000 to fund the cash cover. Also, enjoy flexible fee payment terms for guarantees exceeding 1 year.

Why Choose Us

Fast

We have a turnaround time promise of 24 hours and under on all our products and services.

Reliable

We strive to always deliver to promise and so we are careful with the promises we make.

Transparent

There are no hidden charges in our fee structures.

Solution Oriented

We believe in structuring effective solutions to meet our clients’ needs.

Requirements

  • Application Letter (dated and signed)
  • Copy of Certificate of Business Registration/ Incorporation
  • Copy of Company PIN
  • Copy of Directors’ National ID
  • Copy of Director’s PIN
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  • Application Letter (dated and signed)
  • Bank Account Statements (for the last 6 months)
  • Audited Financial Statements (for the last 3 years)
  • Copies of Director’s PIN
  • Copies of Director’s National ID s
  • Copy of Memorandum & Articles of Association
  • Copy of Certificate of Business Registration/ incorporation
  • Copy of Company PIN
  • Copy of Notification of Award letter
  • Copy of Company Profile (Customer)
  • Copies of previous LPOs/Contracts serviced
  • Copies of Payment Certificates and invoices (current or previous)
Download PDF
Bid Bonds
  • Application Letter (dated and signed)
  • Copy of Certificate of Business Registration/ Incorporation
  • Copy of Company PIN
  • Copy of Directors’ National ID
  • Copy of Director’s PIN
Download PDF
Performance Bonds / Advance Payment Guarantee
  • Application Letter (dated and signed)
  • Bank Account Statements (for the last 6 months)
  • Audited Financial Statements (for the last 3 years)
  • Copies of Director’s PIN
  • Copies of Director’s National ID s
  • Copy of Memorandum & Articles of Association
  • Copy of Certificate of Business Registration/ incorporation
  • Copy of Company PIN
  • Copy of Notification of Award letter
  • Copy of Company Profile (Customer)
  • Copies of previous LPOs/Contracts serviced
  • Copies of Payment Certificates and invoices (current or previous)
Download PDF
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Frequently Asked Questions

A monthly fee calculated as percentage (%) of the guarantee value requested. This fee varies depending on the type, value and the term of the Guarantee required.

1 Hour, subject to the receipt of complete documentation.

24 hours, subject to the receipt of complete documentation.

24 hours, subject to the receipt of complete documentation.

There is no physical security, however, we require a cash cover of 10% for bind bonds above KES 20 million and a cash cover of up to 30% for all Performance Bonds and Advance Payment Guarantees.

For guarantees with a term of less than 1 year, all fees must be paid in advance. However, we make special considerations for guarantees with a term in excess of 1 year.

Momentum Credit has no maximum and can comfortably process guarantees in excess of KES 100,000,000 in value.

Yes. Through our partner bank branch network, the customer can access a Guarantee at their most convenient location across the country.

Yes, across the East Africa community including Ethiopia.

Momentum Credit works with a cross-section of reputable banks, to give our clients sufficient optionality.

A Kenyan government institution that initiates public procurement policy and ensures the procurement procedures established under the Act are complied with

Your money is very safe. All cash cover deposits are placed in a trust account, at the guarantee issuing bank. The funds can only be accessed once the guarantee matures, for purposes of refunding to an account nominated by the client.