City Shuttle Sacco has received a major boost to its transport operations following the delivery of five new Isuzu NQR buses financed through NCBA Asset Finance.
The five 33-seater buses are expected to enhance passenger capacity and improve service delivery across key transport corridors in Nairobi, including Mombasa Road, Jomo Kenyatta International Airport (JKIA), and Utawala.
The buses will be deployed by Crown Premium Limited, which operates under City Shuttle Sacco, as part of efforts to strengthen fleet capacity and meet growing commuter demand.
Flexible Financing for PSV Operators
The financing arrangement falls under NCBA’s Asset Finance framework agreement, which allows operators to finance up to 90 percent of a vehicle’s value.
The package also offers a repayment period of up to 60 months, equivalent to five years, alongside a 30-day grace period, making it easier for Public Service Vehicle (PSV) SACCOs, established transport companies, and individual SACCO members to acquire vehicles through affordable and flexible financing options.
Speaking during the launch, James Karinga, Head of NCBA Asset Finance and IPF, said the bank remains committed to supporting the growth ambitions of its customers.
“We know our customers are ambitious, and as they grow their businesses, NCBA promises to be right there to support them in meeting their business and personal needs,” said Karinga.
“We also want to be the partner that banks on the belief of our clients and provides the support to empower their ambitions,” he added.
Long-Term Partnership Driving Growth
City Shuttle SACCO Chairman Michael Kariuki praised NCBA for its continued support, noting that the partnership has played a key role in expanding the Sacco’s operations over the years.
“NCBA has supported me at every stage of my 41-year career journey. Each time I walked in with an ambitious goal, they found a way to make it possible,” said Kariuki.
He revealed that with NCBA’s support and collaboration with trusted dealer partners, the Sacco’s fleet has grown from 17 to 22 buses.
“City Shuttle SACCO’s bus fleet has grown from 17 to 22 buses with NCBA’s support and their trusted dealer partners; they’ve truly walked this growth journey with us,” he said.
Asset Financing Seen as Key Growth Driver
NCBA says it is keen on expanding its footprint in the PSV segment this year by supporting more operators across the country.
James Karinga emphasized that the bank is focused on strengthening transport businesses through tailored financial solutions that support sustainable growth.
Industry analysts have also identified leasing and asset-backed financing as an increasingly scalable growth model, with similar financing structures gaining popularity across East Africa as operators seek capital to modernize and expand their PSV fleets.