KCB Bank and Inchcape Kenya in a Deal to Mechanize Agricultural Sector
KCB Bank and Inchcape Kenya have announced a strategic partnership aimed at making agricultural mechanisation more accessible and affordable on the purchase of New Holland tractors.
Through the partnership, farmers will access up to 95% financing which also includes purchase of agricultural implements with repayment periods of up to sixty months.
Customers also have the option to pay monthly or follow seasonal payment schedules based on their harvest cycles. Farmers who choose monthly payments will enjoy a sixty-day repayment holiday from the date the tractor is released.
With a competitive interest rate, all financed tractors will be insured through KCB Bancassurance providing the farmers with peace of mind throughout the loan period.
Speaking during the announcement, Marion Gathoga-Mwangi, Managing Director of Inchcape Kenya said: “Through this collaboration, we are not just offering financing but driving mechanization, which remains a key pillar in increasing agricultural productivity and efficiency.”
“When farmers have access to modern, reliable machines, their yields rise, their costs reduce, and their work on the farm becomes more rewarding.”
On his part, KCB Bank Director of Corporate Banking, Peter Ng’eno noted that the partnership with Inchcape Kenya marks a major step in KCB’s mission to support farmers by providing accessible and flexible finance.
“By matching repayment schedules to the realities of farming, we are removing barriers that have long held back mechanization as a way of empowering farmers to boost productivity and improving their livelihoods.”
KCB continues to play a leading role in financing Kenya’s agricultural sector through tailored financial solutions that support farmers and agribusinesses across the entire agricultural value chain.
The partnership with Inchcape Kenya reinforces the Bank’s commitment to driving inclusive growth, food security, and sustainable agricultural development.
