{"id":7320,"date":"2024-03-13T14:17:00","date_gmt":"2024-03-13T14:17:00","guid":{"rendered":"https:\/\/isuzu.bigbold.red\/?p=7320"},"modified":"2024-09-12T23:27:36","modified_gmt":"2024-09-12T23:27:36","slug":"isuzu-ea-inks-asset-financing-deal-with-co-op-bank-for-commercial-vehicle-purchases","status":"publish","type":"post","link":"https:\/\/staging.isuzulab.com\/2024\/03\/13\/isuzu-ea-inks-asset-financing-deal-with-co-op-bank-for-commercial-vehicle-purchases\/","title":{"rendered":"ISUZU EA INKS ASSET FINANCING DEAL WITH CO-OP BANK FOR COMMERCIAL VEHICLE PURCHASES"},"content":{"rendered":"\n

On March 13, 2024, Isuzu East Africa, Co-operative Bank, and CIC Insurance announced an asset financing partnership tailored for schools and businesses grappling with weakened financial capabilities. The prevailing economic challenges have severely impacted the cash reserves of many schools and businesses, necessitating customised financial terms to ensure operational continuity.<\/p>\n\n\n\n

William Ndumia, the Retail and Business Banking Director of Co-operative Bank, highlighted the bank\u2019s track record of supporting over 10,000 commercial vehicles in the past five years, including financing 1,500 matatus through Isuzu East Africa. Speaking on behalf of the Group CEO – Dr. Gideon Muriuki, Ndumia observed that tough economic times had made it difficult for many customers to raise capital for deposits, underscoring the need for innovative solutions to address the challenges faced by MSMEs, schools, and learning institutions.<\/p>\n\n\n\n

<\/p>\n\n\n\n

\"Isuzu
(L- R) Group CEO CIC Insurance Patrick Nyaga, Isuzu East Africa Managing Director Rita Kavashe and Cooperative\nBank Retail and Business Banking Director William Ndumia after signing the asset finance partnership for MSMEs and schools. The agreement aims to offer customised financial terms to entities facing cash flow challenges.<\/figcaption><\/figure>\n\n\n\n

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Rita Kavashe, the Managing Director of Isuzu East Africa, acknowledged the partnership with Co-operative Bank as a vital step towards providing solutions to ensure the resilience of businesses, schools, and learning institutions amidst varying economic conditions. She expressed gratitude for the launch of a joint asset financing partnership, offering a 95% financing option for Isuzu\u2019s N-series, F-series, Pickups, TFS, and TFR Series, along with a 100% financing option for school buses.<\/p>\n\n\n\n

As part of the program, Isuzu EA pledged to provide a 5,000-litre water tank for medium buses (26-seater) and a 10,000-litre water tank for large buses (51-seater and above) for every school that purchases a bus.<\/p>\n\n\n\n

<\/p>\n\n\n\n

\"Isuzu
(L- R) Group CEO CIC Insurance Patrick Nyaga, Isuzu East Africa Managing Director Rita Kavashe and Co-operative Bank Retail and Business Banking Director William Ndumia after signing an Asset Finance Partnership for MSMEs and schools. <\/figcaption><\/figure>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

As part of the program, Isuzu EA pledged to provide a 5,000-litre water tank for medium buses (26-seater) and a 10,000-litre water tank for large buses (51-seater and above) for every school that purchases a bus.<\/p>\n","protected":false},"author":6,"featured_media":7518,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17],"tags":[18],"class_list":["post-7320","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-newsroom","tag-corporate-stories"],"zion_builder_status":false,"_links":{"self":[{"href":"https:\/\/staging.isuzulab.com\/isuzu-json\/wp\/v2\/posts\/7320","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/staging.isuzulab.com\/isuzu-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging.isuzulab.com\/isuzu-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging.isuzulab.com\/isuzu-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.isuzulab.com\/isuzu-json\/wp\/v2\/comments?post=7320"}],"version-history":[{"count":0,"href":"https:\/\/staging.isuzulab.com\/isuzu-json\/wp\/v2\/posts\/7320\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/staging.isuzulab.com\/isuzu-json\/wp\/v2\/media\/7518"}],"wp:attachment":[{"href":"https:\/\/staging.isuzulab.com\/isuzu-json\/wp\/v2\/media?parent=7320"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.isuzulab.com\/isuzu-json\/wp\/v2\/categories?post=7320"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.isuzulab.com\/isuzu-json\/wp\/v2\/tags?post=7320"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}