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. 

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  • Your Comment
    since independence politics have not benefited common citizens any thing apart from those in power. currently Kenya has a public debt of Ksh 5.8 trillion. If these figure is share among 52 million kenyans irrespective of age, each has s public debt of Ksh 110,000 yet more than 90% don't have jobs. currently kenya has 3.6 tax payers and if Ksh 5.8 trillion is shared among them, each has a public debt of Ksh 1.7 million. when will kenyans be debt free?

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