The Co-operative Bank of Kenya on Wednesday, July 29 kicked off its PSV leasing deal in partnership with Isuzu Kenya.
In the first deal, matatu operating company Super Metro Sacco received 25 brand new Isuzu NQR 33 seat buses.
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.
