Family Bank customers will now be able to access 100 per cent financing to purchase vehicles from Simba Corporation after the two firms announced the partnership yesterday.
Small and Medium-Sized customers in the agribusiness, trade and logistics businesses will be able to acquire Fuso trucks, Mitsubishi and Mahindra products at competitive interest rates with a five year repayment period.
Other business enterprises will access 95 per cent financing repayable in a period of up to 60 months.
Clients in the matatu industry will be able to access up to 80 per cent financing repayable in a period of up to 48 months.
“As a Bank that values SMEs,we aim to bridge the gap hindering their growth and this partnership is a big step in that direction,” said Family Bank Chief Executive Officer Rebecca Mbithi.
Customers will be able to access this asset financing deal across Family Bank’s 91-branch network and can collect their desired vehicle from any Simba Corporation distributor countrywide.
“We continue to make it our mission to create value for our customers through mutually beneficial relationships as shown in our partnership today with Family Bank,” said Ameet Shroff, Simba Corporation’s Chief Commercial Officer.
Simba Corporation is the sole representative for the distribution and service for a range of Mitsubishi, Mahindra and Fuso Trucks including the new Fuso FI and the popular Fuso Canter in Kenya.
