Equity Bank Offers Full Asset Financing for CFAO Vehicle Buyers
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Equity Bank has launched a new asset financing solution in collaboration with CFAO Mobility Kenya, allowing customers to access up to 105% financing for the purchase of a wide range of vehicles under the CFAO Mobility umbrella.
The Equity Bank CFAO Mobility Kenya partnership is kicking off with a targeted vehicle financing program for schools and learning institutions. Under this arrangement, eligible institutions can acquire school vans and buses with financing that covers the full cost of the vehicle, insurance, and other related expenses.
The Equity Bank 105% CFAO vehicle financing includes flexible repayment terms of up to 84 months, structured around the academic calendar.
Models available in the first phase include the Toyota Hiace Van, Mercedes Benz Bus 917, and Hino FC 500 buses, vehicles selected for their proven performance, passenger safety features, and operational efficiency. Schools will also benefit from training support and after-sales service to enhance vehicle maintenance and usage.
Joshua Anya, Deputy Managing Director of CFAO Mobility Kenya, said the partnership aims to provide educational institutions with durable and safe transport options.
“We are bringing our world-class mobility solutions and unmatched after sales support to ensure the vehicles are safe, durable, and fit for the education environment. This partnership with Equity Bank will empower schools to provide dependable transport services, thereby fostering improved enrolment and enriched educational experiences.” he stated.
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The Equity Bank vehicle financing program seeks to remove upfront capital constraints for schools, enabling investments in safer and more reliable learner mobility.
Speaking on behalf of Equity Bank Kenya Managing Director Moses Nyabanda, the Bank’s Commercial Director, David Bagenda, emphasized the importance of accessible and cost-effective transport solutions for schools and other customers.
He expressed the bank’s delight in collaborating with CFAO Mobility to ease cash flow pressures for schools, empowering them to focus on delivering quality education while ensuring the safety and timely transport of learners.
“This partnership goes beyond financing, it’s about enabling access to education through dignified and dependable mobility…we are easing the financial burden on schools and helping them invest in safer, more efficient transport solutions that can positively influence student performance and school operations,” said Mr. Nyabanda.
Jefferson Wachira is a writer at Africa Digest News, specializing in banking and finance trends, and their impact on African economies.
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