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Kennedy Nyakomitta, GM Asset Finance DTB (left) and Mehul Sachdev, Senior Brand Manager Fuso inside of a Fuso truck after the DTB and Simba Corp partnership signing at Simba Corp offices.

Nairobi, November 14, 2019: Diamond Trust Bank and Toyota Kenya today unveiled a partnership to enable Small and Medium Enterprises buy new vehicles with 100 per cent financing from the bank dubbed Beba Leo.

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.

The deal is set to spur the economy further, noting the country’s 6 per cent growth during the third quarter of 2018. According to the Kenyan National Bureau of Statistics, this growth has been supported mostly by increased activity in the sectors of agriculture, manufacturing and construction.

Kennedy Nyakomitta, General Manager in charge of Asset Finance at DTB, said the scheme was developed after assessments of their customers’ pressing needs.

Ameet Shroff (second right), Simba Corp Chief Commercial officer, Established Brands hands over a dummy key to Kennedy Nyakomitta, GM Asset Finance DTB after a partnership signing that will see SMEs get 100% financed new Fuso trucks courtesy of DTB’s motor financing Scheme dubbed “Beba Leo”. Looking on is George Otiende, (left) Head of Branches and Alternate Channels DTB and Mehul Sachdev, (right) Senior Brand Manager Fuso (right).
Kennedy Nyakomitta, GM Asset Finance DTB (left) chats with Ameet Shroff, Simba Corps Chief Commercial officer, Established Brands during the partnership announcement between both organisations, to enable SMEs get new Fuso trucks 100% financed by the bank under the motor vehicle financing scheme dubbed “Beba Leo”.

“We have worked with SMEs for a long time and over the years, we have mastered the art of adopting 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,” said Mr Nyakomitta.

Mr Nyakomitta said the scheme is one of several arrangements that the bank has to support its SME customers, who are evaluated on the basis of their financial track record and cash flow.

‘‘It is in this spirit that we continue to ensure we offer consumers easier options to purchase top quality, durable and reliable vehicles at an affordable price. The Hilux model has got its reputation for offering unrivalled toughness and can be used for personal commuting and commercial purposes” said Joshua Anya General Manager Operations.

Ameet Shroff, Simba Corps Chief Commercial officer, Established Brands speaks during the partnership announcement between both organisations, to enable SMEs get new Fuso trucks 100% financed by the bank under the motor vehicle financing scheme dubbed “Beba Leo”. Looking on is George Otiende, (left) Head of Branches and Alternate Channels DTB, Kennedy Nyakomitta, GM Asset Finance DTB and Mehul Sachdev, (right) Senior Brand Manager Fuso.

“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.He added’’

DTB Bank customers will in addition receive one-year free Comprehensive insurance cover and enjoy aftersales service from over 29 outlets across the country. They are assured of genuine parts from Toyota Kenya.

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