Bank Sweetens Deal for SME Owners to Acquire Trucks

Diamond Trust Bank and Simba Corporation have signed a partnership to enable small and medium enterprises to acquire new Fuso trucks.

The vehicles will be made available with 100% financing under the bank’s motor vehicle financing scheme dubbed ‘Beba Leo’.

The SMEs will be financed to acquire FUSO trucks with a flexible repayment period that enables customers to gradually pay for them without disrupting their cash flow or working capital.

Value-added deal

Simba Corporation is the largest and sole representative for the distribution and service for a range Fuso trucks including the new FUSO FI and the popular Fuso Canter.

Mr Kennedy Nyakomitta, General Manager in charge of Asset Finance at DTB, said the scheme was developed in a way that would allow customers to cater to their most pressing needs without any capital outlay.

“This partnership cements our commitment to grow the SME sector.  Our decision to bring on board Simba Corporation was inspired by our aim to empower SMEs by giving them choice. Now they can select from a bigger pool the vehicle that best meets their business needs” he added.

“With Beba Leo, the customer will not be required to outlay any cash to get these vehicles. They simply need an approval from DTB after which they can collect the desired vehicle from any Simba Corp distributor across the country,” said Mr Nyakomitta.

Mr Nyakomitta said the scheme is one of several arrangements that the bank has to support the SME sector, who are evaluated on the basis of their financial track record and cash flows on their ability to pay.

Speaking during the signing ceremony, Simba Corporation Chief Commercial Officer Established brands, Ameet Shroff said customers are seeking to grow their business to produce more.

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“Our trucks are the best in the market, and we would like all customers to have access to purchase them and have a comfortable payment period,” he said. “Our new FUSO FI is the best in the market in its category. Its Fuel consumption is exceptional, and it comes with a 4-year warranty.”

Customers will, in addition, receive one-year free comprehensive insurance cover and enjoy aftersales service from the Simba Corporation outlets across the country. Apart from the high-quality service, they will also be assured of genuine parts from the organisation.