Diamond Trust Bank (DTB) and Toyota Kenya has unveiled a partnership to enable Small and Medium Enterprises (SMEs) buy new vehicles with 100 percent financing from the bank. The new initiative is dubbed Beba Leo.
The Beba Leo Motor Vehicle Financing Scheme is meant for SMEs, who will get financing to acquire either the Toyota Hilux or Toyota Rush, with a flexible repayment period.
Kennedy Nyakomitta, General Manager in charge of Asset Finance at DTB, said the scheme was developed after assessments of their customers’ pressing needs.
“We have worked with SMEs for a long time and over the years, we have mastered the art of adapting to our customers’ needs to be able to deliver value. SMEs and households will not have to outlay any cash to get these vehicles, they simply need the approval from DTB after which they can collect the desired vehicle from Toyota Kenya.
“The Hilux model has got its reputation for offering unrivaled toughness and can be used for personal commuting and commercial purposes” said Joshua Anya General Manager Operations.“On the other hand, the Rush is an affordable full feature SUV that meets aspiration at the fraction of the cost of importing a used SUV.”
The SMEs will, in addition, receive a one-year free Comprehensive insurance cover and enjoy aftersales service from over 29 outlets across the country. They will also get genuine parts from Toyota Kenya.