For years, schools across Kenya have faced significant challenges in providing safe and reliable transport for their students. Many institutions struggle with the high upfront costs of acquiring buses and vans, forcing them to rely on inadequate or aging vehicles in terms of reliability, capacity etc. This not only compromises student safety but also creates inefficiencies in daily operations, making it harder for schools to meet the growing mobility needs of learners.
Imagine a school that has been relying on an old, unreliable bus to transport its students. Every morning, the bus struggles to start, leaving children waiting for hours and sometimes missing their first lessons. Parents worry about their children’s safety, and the school administration is burdened with constant repair costs. Sometimes the school hires buses for school tours and field trips, incurring extra costs.
To address these challenges, a new asset financing program has been introduced, offering schools a game-changing solution. The solution provides up to 105% financing for the purchase of select vehicle models, including the Toyota Hiace Van, Mercedes-Benz Bus 917, and Hino FC 500, Isuzu, Scania, Mitsubishi Fuso and TATA buses.
This comprehensive package covers the entire cost of the bus acquisition, including insurance and related expenses, with flexible repayment terms of up to 84 months. Schools can also benefit from structured per term repayment plans, aligned with the academic calendar, to ease cash flow management.
The vehicles offered under this solution are carefully selected for their proven performance, safety features, and passenger comfort. Designed to meet the unique needs of schools, these vehicles ensure durability, efficiency, and safety for transporting learners. Additionally, schools will receive aftersales support and training packages to ensure proper vehicle usage and maintenance, maximizing the value of their investment.
This initiative eliminates the financial burden of upfront vehicle costs, empowering schools to invest in the dignity, safety, and efficiency of learner mobility. By providing dependable transport solutions, schools can focus on delivering quality education while improving operations and boosting enrolment. It also supports broader access to education by ensuring that students can travel safely and comfortably, enhancing their overall learning experience.
For that school that was struggling with an old bus, it can now replace its aging vehicles with modern, safe, and efficient buses. This not only ensures students arrive on time and ready to learn but also gives parents peace of mind and allows the school to focus on its core mission -delivering quality education.
This innovative solution is made possible through a partnership between Equity Bank Kenya and leading vehicle brands, including CFAO Mobility (Toyota) Isuzu, Scania, TATA, and Mitsubishi FUSO. Equity Bank, a leader in asset financing, is committed to providing flexible and affordable solutions to schools, SMEs, and individuals. The partners, on the other hand, offer expertise in world-class automotive solutions, ensuring that schools receive vehicles that are safe, durable, and fit their unique needs.
Schools interested in this program can now take advantage of this partnership to transform their transport systems. With no upfront costs, flexible repayment terms, and vehicles designed for safety and efficiency, this initiative is a significant step forward in supporting education in Kenya.
Summary of key benefits of the 105% asset finance
·      105% financing covers the entire cost of vehicle acquisition, including insurance and related expenses.
·      Flexible repayment terms of up to 84 months for manageable payments.
·      Term repayment plans aligned with the school academic calendar to ease cash flow management.
·      Access to safe and reliable vehicles, designed for durability, safety, and passenger comfort.
·      Comprehensive after-sales support and training packages to ensure proper vehicle usage and maintenance.
·      No upfront costs, eliminating the financial burden of large initial payments.
For more information, visit an Equity Bank branch near you or visit their website:Â https://equitygroupholdings.