Peach Cars has partnered with Umba Microfinance Bank to introduce a 24-hour car financing option for customers. The collaboration is aimed at making car ownership more accessible and convenient, aligning with Peach Cars’ vision of revolutionizing the car-buying experience.
The partnership between Peach Cars and Umba Microfinance Bank is expected to empower car buyers by offering swift and hassle-free access to financing solutions. Through Umba Microfinance Bank, customers can now secure financing of up to 70% of the vehicle’s value, with processing times as rapid as 24 hours. This approach eliminates the traditional barriers associated with obtaining car financing, enabling buyers to drive away with their desired vehicle without unnecessary delays.
Customers can explore the extensive range of used cars available on the Peach Cars website, selecting the vehicle that best suits their preferences and needs. Upon choosing a car, customers submit their identification and other relevant documents through the Peach Cars platform. These details are securely transmitted to Umba for swift processing.
During processing, Umba Microfinance Bank expedites the financing application process, aiming to provide approval within 24 hours. This rapid turnaround ensures that buyers can proceed with their purchase without undue delays. Upon approval, customers can confidently drive away in their newly acquired vehicle, knowing that the financing process has been seamlessly facilitated by Peach Cars and Umba Microfinance Bank.
In a joint statement during the partnership launch, Zach Petroni, Co-founder and COO of Peach Cars, expressed enthusiasm about the collaboration’s impact on Nairobi’s car buyers saying, “We are excited to announce our partnership with Umba. It perfectly aligns with our commitment to empower buyers and sellers in the Kenyan used car market. Through accessible and reliable car financing options, we are empowering our customers with more options to realize their dream of owning a car with confidence.”
Tiernan Kennedy, CEO of Umba Microfinance Bank, echoed Petroni’s sentiments stating, “Our partnership with Peach Cars underscores our dedication to providing fast and dependable financing solutions tailored to our customers’ needs. Whether it’s owning a car or saving for the future, our objective is to empower Kenyans to achieve their financial goals swiftly and confidently.”