Isuzu East Africa partners with Cooperative Bank of Kenya to empower businesses
KTN News Jan 31,2019
Leading local vehicle assembler Isuzu East Africa (ISUZU EA) and the cooperative bank of Kenya, have today announced an asset finance partnership that seeks to address SMEs’ challenge of access to finance and acceleration for business growth. In the partnership, Isuzu customers are set to enjoy Ksh 300,000 working capital to empower their business payable in 12 months, a 60?day repayment holiday that will allow SMEs to generate monthly installments, the lowest market negotiation fee of one percent and the longest repayment period of 60 months in the market. Speaking at the signing and announcement ceremony, Isuzu EA managing director Rita Kavashe noted that this program will enable customers to invest back in their business without affecting cash flow and thereby help achieve exponential growth. Rita began by explaining the rationale for partnering with the cooperative bank.