QuipBank rolls out vehicle financing for CRB-listed clients

In Summary

- The equipment bank offers vehicles and equipment rental and sales options on a technology platform 

- Financing is expected to boost asset acquisition and clients’ business overall growth irrespective of their past loan history and enable them to secure contracts.

Heavy commercial trucks on Mombasa-Nairobi highway.
Heavy commercial trucks on Mombasa-Nairobi highway.
Image: ELKANA JACOB

Quipbank Trust Limited has rolled out a programme that will allow CRB-listed clients access equipment and vehicle financing.

The equipment bank which offers vehicles and equipment rental and sales options on a technology platform has put 50 13 tonne trucks on the sell programme.

According to the firm, this kind of financing is expected to boost asset acquisition and clients’ business overall growth irrespective of their past loan history and enable them secure contracts.

“We are committed to offering clients that are listed by CRB but have a solid contract the most flexible payment terms in the market,” Quipbank Trust Limited Commercial Director, John Mogire said.

Under this arrangement, clients will need to pay a deposit of 50 per cent for the truck and clear the balance within 24 months.

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