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Advance Payment and Retention Guarantees
They help contractors maintain cash flow while assuring project owners of financial security.
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What is Advance Payment and Retention Guarantees?

Advance Payment and Retention Guarantees protect employers when advance payments are issued or when retention funds are released during contract execution. They help contractors maintain cash flow while assuring project owners of financial security.

Features

  • Protection for advance payments and retention amounts
  • Improved cash flow during project execution
  • Reduced project funding pressure
  • Flexible validity of up to 12 months, renewable
  • Secure structures – fully secured or insured guarantees

How do I apply?

  • Present your contract and project details
  • Visit a Faulu branch or call your RM
  • Apply for an Advance Payment or Retention Guarantee
  • Guarantee issued upon meeting security requirements

Want to know more about the Advance Payment and Retention Guarantees?

Contractors executing projects that require advance payment or retention guarantees.

Up to 12 months, with an option to renew.

Yes. It is issued under fully secured or insured structures.

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About Faulu
Faulu Microfinance Bank is a member of the Old Mutual Group in East Africa. It's a limited liability company duly incorporated in Kenya under the Companies Act. The bank is regulated by the Central Bank of Kenya, a member of the Kenya Bankers’ Association (KBA) and the Association of Microfinance Institutions (AMFI).
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