With the emphasis on getting the country’s economy back on track, financing vital sectors that keep the wheels of the economy turning, such as agriculture, manufact****g, transportation and healthcare, are prove critical.
These are sentiments expressed of NCBA Bank and motor ****** Toyota Kenya after the two signed an ***et finance partnership to enable the purchase of commercial and personal vehicles – Hilux single cab pickups, Hiace vans and Toyota Rush – with up to 95% financing option to be paid within 60 months, and an extended repayment **liday at the outset of 90 days.
To ease the financial burden in the current business environment, custo**** w*** in addition enjoy a discounted facility fee. Custo**** w*** also get to enjoy compe***ive premiums for motor insurance cover facilitated through NCBA’s banc***urance arm.
Speaking at the signing ceremony of the financing deal, NCBA Group Director, ***et Finance and Business Solutions, Alan Dodd, stated that amidst the ongoing Covid-19 ******** that has significantly disrupted many businesses, the partnership is would build and sustain the prosperity of individual custo**** and SMEs.
“It is vital that SMEs are provided with the necessary financial support which w*** give **pe to the m***ions of people w** rely on them for employment. Therefore, understanding our customer needs and supporting them d****g this difficult time is crucial, not just for their own businesses, but also for the wellbeing of the markets in which they operate,” he stated.
For his part, Toyota Kenya Chief Operations Officer Mr Joshua Anya said, “alt**ugh this is not the first ***et finance partnership we are getting into, the significance of this partnership with NCBA Bank is down to the fact that despite the tough operating environment, our commercial custo****, especially in the SME category are st*** in a position to run their operations.”
The small and medium enterprise sector, which is the country’s largest employer, has particularly been hard hit by the ********, and the availability of this product w*** be a boost in managing their cash flows, as they seek to recover. Affordable car loans.
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