Stanbic Bank Kenya and Simba Corporation have launched a tailored asset financing programme aimed at helping businesses and individuals acquire vehicles and equipment while easing pressure on cash flows.
The partnership offers customers up to 100 per cent financing of asset value, zero facility fees, risk-based pricing and a 60-day repayment moratorium for business customers.
The initiative comes as businesses continue to face rising operating costs driven by higher fuel prices, taxation pressures and tighter liquidity, increasing demand for flexible financing solutions that support growth without affecting working capital.
Financing designed to improve asset ownership
Under the new arrangement, customers can access financing for a wide range of productive assets, including commercial and passenger vehicles, agricultural equipment, power solutions and hospitality-related investments.
Stanbic Bank will also continue providing unsecured financing of up to KSh5 million for qualifying customers, while risk-based pricing will enable customers with strong credit profiles to access more favourable financing terms.
The 60-day repayment moratorium will give businesses additional time to deploy acquired assets and begin generating revenue before starting loan repayments.
Stanbic Bank highlights commitment to business growth
Speaking during the partnership signing ceremony, Stanbic Bank East Africa Head of Business and Commercial Banking Florence Wanja said the collaboration aims to help customers acquire assets while maintaining financial flexibility.
“Businesses today require financing solutions that reflect their realities and growth ambitions. Through this partnership, we are making it easier for customers to acquire vehicles, agricultural equipment, power solutions and other productive assets while preserving cash flow and supporting long-term sustainability,” said Wanja.
She noted that small and medium-sized enterprises remain key drivers of Kenya’s economy and require accessible financing solutions to expand operations.
Simba Corporation partnership expands business opportunities
Simba Corporation Executive Director Adil Popat said the partnership will improve access to mobility and business solutions while supporting economic growth.
“We are seeing strong demand from businesses seeking reliable assets that can improve productivity and drive growth. By combining Simba Corporation’s portfolio with Stanbic Bank’s financing expertise, we are creating a compelling value proposition that makes asset ownership more accessible and affordable,” Popat said.
The partnership builds on the long-standing relationship between the two organisations and will support customers across Simba Corporation’s portfolio, including vehicles assembled by Associated Vehicle Assemblers (AVA), agricultural machinery and power solutions.
Supporting cleaner mobility and agriculture
As part of its expansion strategy, Simba Corporation is introducing new MG vehicle models to the Kenyan market, including electric vehicles aimed at supporting the shift towards cleaner and more sustainable transport solutions.
The partnership will also facilitate financing for Mahindra and SAME tractors to support agricultural productivity, as well as Colt Power Solutions to help businesses strengthen operational resilience through reliable power backup systems.
The collaboration highlights the growing role of financial and industry partnerships in expanding access to productive assets, improving business competitiveness and supporting Kenya’s economic transformation.
