× Digital News Videos Weird News Health & Science Sunday Magazine Lifestyle Opinion Education Columns Moi Cabinets Arts & Culture Special Reports Fact Check E-Paper Lifestyle & Entertainment Nairobian Entertainment Eve Woman Travelog TV Stations KTN Home KTN News BTV KTN Farmers TV Radio Stations Radio Maisha Spice FM Vybez Radio Enterprise VAS E-Learning Digger Classified Games Crosswords Sodoku The Standard Group Corporate Contact Us Rate Card Vacancies DCX O.M Portal Corporate Email RMS

Co-op Bank renews vehicle financing deal for small businesses

By Standard Correspondent | May 24th 2020 at 12:00:00 GMT +0300

Co-operative Bank has for the fifth year running renewed a special motor vehicle purchase scheme with motor dealers Isuzu East Africa and Simba Corporation to enable small businesses acquire vehicles at highly negotiated terms.

The bank provides up to 95 per cent financing of the vehicle purchase price.

In addition, customers can apply for a Sh500,000 working capital facility to support their businesses, especially during the difficult Covid-19 pandemic.

The loan has a repayment period of five years with a further 60 days’ grace period and a negotiated motor vehicle insurance cover.

“As partners, we had to renew this joint scheme due to its huge popularity among SMEs, who have told us the scheme is currently the most affordable means of acquiring a wide selection of vehicles such as the popular Isuzu TFR and Mitsubishi Fuso for their various transport needs,” said Co-operative Bank Head of Business Banking Moses Gitau. 

Read More

Co-operative Bank Isuzu East Africa
Share this story

Read More