Equity Bank Kenya has joined forces with CFAO Mobility Kenya, a leading automotive solutions provider, to introduce a groundbreaking asset financing partnership. In a bold move that could redefine vehicle ownership in Kenya, the collaboration will enable customers to access up to 105% financing for a wide range of vehicle models under the CFAO Mobility portfolio.
This initiative is particularly impactful for the education sector, launching with a school bus and van financing program that offers full vehicle coverage, including insurance and related costs, along with repayment terms of up to 84 months. This means institutions can now acquire transport vehicles without upfront capital, streamlining operations and enhancing learner mobility.
Empowering Schools with Safe and Affordable Transport
At the heart of this initiative is the commitment to improving school transport safety, reliability, and accessibility. The program will initially feature the Toyota Hiace Van, Mercedes Benz Bus 917, and Hino FC 500 buses, which have been selected for their robust safety features, comfort, and operational efficiency.
CFAO Mobility Kenya’s Deputy Managing Director, Joshua Anya, noted that this collaboration aligns with their mission to drive education through world-class mobility solutions:
“We are bringing our unmatched after-sales support and quality vehicles to schools and institutions. This partnership with Equity Bank will empower schools to provide safe, durable, and efficient transport for students, enhancing enrolment and enriching the educational experience.”
Flexible Financing Tailored to Academic Calendars
A unique aspect of this financing model is the structured termly repayment plan, which aligns with the school academic calendar. This ensures cash flow convenience for institutions and long-term financial sustainability. In addition, the package includes after-sales support and training for proper vehicle usage and maintenance.
A Game-Changer for Educational Institutions
According to David Bagenda, Equity Bank Kenya’s Commercial Director (on behalf of MD Moses Nyabanda), the partnership is a strategic move to reduce the financial strain on learning institutions:
“This is more than just financing, it’s about empowering schools to deliver quality education through dignified and dependable transport. With 105% financing, we eliminate barriers and enable schools to invest in safer, more efficient mobility solutions that directly impact student success and operations.”
Reimagining Asset Ownership in Kenya
Equity Bank has long been recognized for pioneering inclusive asset financing models that serve individuals, SMEs, and institutions. With this new partnership, the bank continues to expand its footprint in productive lending, while CFAO Mobility Kenya strengthens its position as a trusted partner in Kenya’s transport evolution.
