This archive report was first published on 25 November 2019.
On November 25, 2019, Diamond Trust Bank (DTB) and Simba Corporation announced a partnership to provide 100% financed business trucks to Kenyan Small and Medium Enterprises (SMEs) under the bank's motor vehicle financing scheme, 'Beba Leo.'
The partnership aims to empower SMEs by giving them access to a range of FUSO trucks, including the new FUSO FI and the popular Fuso Canter, with flexible repayment periods that enable customers to gradually pay for them without disrupting their cash flow or working capital.
According to Kennedy Nyakomitta, General Manager-In-Charge of Asset Finance at DTB, the scheme was developed to cater to the most pressing needs of SMEs without any capital outlay. 'This partnership cements our commitment to grow the SME sector. Our decision to bring on board Simba Corporation was inspired by our aim to empower SMEs by giving them choice,' he said.
Under the 'Beba Leo' scheme, customers will not be required to outlay any cash to get the vehicles. They simply need an approval from DTB after which they can collect the desired vehicle from any Simba Corp distributor across the country.
Simba Corporation Chief Commercial Officer Established Brands, Ameet Shroff, noted that customers want to grow their business to produce more and will only entertain solutions that will enable them to do what is best for them. 'Our trucks are the best in the market, and we would like all customers to have access to purchase them and have a comfortable payment period,' he said.
Customers will, in addition, receive one-year free Comprehensive Insurance Cover and enjoy after-sales service from the Simba Corporation outlets across the country.
