This archive report was first published on 20 August 2019.
Co-op Bank and Isuzu Partnership Empowers SMEs with 95% Vehicle Financing ¶
Co-op Bank has partnered with Isuzu East Africa to offer small and medium-sized enterprises (SMEs) 95% vehicle purchase financing, providing them with a much-needed boost in the current economic climate.
According to the partnership, clients will be able to acquire brand new Isuzu vehicles at low interest rates and flexible repayment periods. The deal allows beneficiaries to start making payments after 60 days, with the option of making daily repayments.
As part of the agreement, customers will also receive a KSh 300,000 working capital to inject into their businesses. This will enable them to expand their operations and increase their revenue streams.
With the partnership, SMEs will be able to access financing that was previously out of their reach. This will enable them to maintain their fleets, buy new vehicles, and expand their operations.
Co-op Bank and Isuzu East Africa's partnership is a significant development in the Kenyan economy, particularly in the transportation sector. The partnership is expected to benefit thousands of SMEs across the country.
As the country's economy continues to face challenges, this partnership is a welcome relief for SMEs. It will enable them to access financing that was previously out of their reach, and expand their operations.
With the partnership, SMEs will be able to access financing that is tailored to their needs. This will enable them to maintain their fleets, buy new vehicles, and expand their operations.
Co-op Bank and Isuzu East Africa's partnership is a significant development in the Kenyan economy, particularly in the transportation sector. The partnership is expected to benefit thousands of SMEs across the country.
According to the partnership, vehicles purchased through this module come with a Comprehensive Insurance at 4.75% of the vehicle's value. This insurance cover cushions against several uncertainties, including political violence and terrorism.
Source: Tuko.co.ke
