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KCB partners with the Matatu Owners Association (MOA), committing Ksh.8 billion towards the enhancement of the public transportation sector. Matatu Saccos can now access up to Ksh.5 billion in asset finance, fostering a significant boost for vehicle upgrades.
With a strategic financing arrangement, KCB is set to cover 80% of vehicle purchases, offering matatu Saccos vital liquidity to fuel their business. The extended repayment tenure and commitment from MOA ensure a seamless repayment process, while the sector anticipates optimized operations with administrative and policy support.
This monumental investment not only propels the evolution of public transport but also reinforces its role in job creation.
Source: Citizen Digital
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