Borrow

We offer you a way to grow your business through our borrowing solutions.

LPO Financing

This product is designed for contractors and vendors of reputable organizations to enable them execute work and local purchase orders from the respective employers.

Insurance Premium Financing

This is a facility that enables customers to pay their insurance premium in installments rather than one lump sum, to preserve cash flow or for other economic considerations, while getting an insurance cover immediately. Jamii Bora Bank disburses the facility directly to the insurance company.

Overdraft Facility

One must be a customer of JBB for more than 3 months and should demonstrate the ability to pay.

Bid/Tender Bonds

This is a guarantee issued as part of a supply bidding process by the contractor to the project owner. It is a guarantee that the winning bidder will undertake the contract under the terms at which they bid.

Bora Customs Duty Facility

This facility creates a faster way of settlement of duty charges to Kenya Revenue Authority (KRA) and avoid penalties. The facility is available to traders who import vehicles.

Invoice Discounting

Short-term borrowing often used to improve a company’s working capital and cash flow position. Our Invoice discounting facility allows a business to obtain funds against its sales invoices issued to their Buyers. The buyers will be subject to an internal appraisal and financing will be up to 80%.

Performance Bonds/ Guarantee

This is issued to guarantee the applicant’s due and proper performance of contractual obligations in an underlying contract after the award of the tender and is required before the parties sign the contract. It is normally 10% or 20% of the contractual price.

Letters of Credit

Letters of Credit are used to mitigate the various risks inherent in international trade. It is a commitment by a bank on behalf of the importer (foreign buyer) that payment will be made to the beneficiary (exporter) provided that the terms and conditions stated in the Letter of Credit have been met.

USD: BUY 111.85 SELL 114.30GBP: BUY 145.25 SELL 146.65EUR: BUY 130.80 SELL 133.80