Family Bank has extended a KES 26.6 million financing facility to Rembo Classic Sacco, enabling the acquisition of five new public service vehicles from KCI Isuzu.
The investment is expected to enhance the Sacco’s capacity to deliver safe, reliable, and efficient transport services to thousands of commuters in Nairobi and neighboring regions.
Speaking during the official flag-off event, Family Bank Chief Retail Officer, Phyllis Kimani, emphasized the bank’s commitment to strengthening Kenya’s small and medium-sized enterprises (SMEs), which she described as the “heartbeat” of the nation’s economy.
“SMEs form the heartbeat of Kenya’s economy, contributing significantly to job creation and innovation. At Family Bank, we remain steadfast in our commitment to walk with SMEs such as Rembo Classic by offering affordable and flexible financing solutions that empower them to grow, scale, and transform communities,” she said.
The facility reflects Family Bank’s broader strategy to support the SME sector through affordable, tailor-made financial solutions that drive growth, ensure sustainability, and create long-term socio-economic impact.
Rembo Classic Sacco, one of the fast-growing public transport cooperatives, hailed the support, saying it will go a long way in improving service delivery and boosting efficiency in the matatu sector.