The Kenya Commercial Bank (KCB) and Inchcape Kenya have announced a strategic partnership that will enable farmers to access up to 95% financing for the purchase of New Holland tractors.
In addition, the financing package covers agricultural implements and offers repayment periods of up to sixty months, making it more flexible and farmer-friendly.
More importantly, the deal is designed to make agricultural mechanization more accessible and affordable by reducing the upfront cost of acquiring modern farm machinery.
Furthermore, customers will have the option to choose between monthly repayments or seasonal payment schedules aligned with their harvest cycles, allowing greater flexibility in managing cash flows.
For those opting for monthly payments, a sixty-day repayment holiday will be granted from the date the tractor is released, easing the initial financial burden.
Additionally, all financed tractors will be insured through KCB Bancassurance, ensuring farmers enjoy comprehensive protection and peace of mind throughout the loan period.
Speaking during the announcement, Marion Gathoga-Mwangi, Managing Director of Inchcape Kenya said:
“Through this collaboration, we are not just offering financing but driving mechanization, which remains a key pillar in increasing agricultural productivity and efficiency.
“Farmers have access to modern, reliable machines, their yields rise, their costs reduce, and their work on the farm becomes more rewarding.”
KCB Drives Farm Mechanization Through Flexible Financing
According to KCB Bank Director of Corporate Banking Peter Ng’eno, the partnership with Inchcape Kenya marks a major step in KCB’s mission to support farmers by providing accessible and flexible finance.
“By matching repayment schedules to the realities of farming, we are removing barriers that have long held back mechanization as a way of empowering farmers to boost productivity and improving their livelihoods.” Ng’eno said.
KCB continues to play a leading role in financing Kenya’s agricultural sector through tailored financial solutions that support farmers and agribusinesses across the entire agricultural value chain.
The partnership with Inchcape Kenya reinforces the Bank’s commitment to driving inclusive growth, food security, and sustainable agricultural development.
Read More: KCB Disburses KSh 48.8bn in Green Loans to Boost Sustainable Finance Impact
About KCB Bank Kenya
KCB Bank Kenya Limited is the largest commercial bank in the country and a subsidiary of KCB Group Plc.
The Bank has the largest branch network, with over 260 branches, 367 ATMs, and 16,000 agents offering banking services on a 24/7 basis in East Africa.
Additionally, these services are complemented by robust mobile and internet banking platforms, as well as a 24-hour contact centre that ensures customers can access support whenever they need it.
Beyond Kenya, KCB Group Plc has a strong regional presence in Uganda, Tanzania, South Sudan, Burundi, Rwanda, and the Democratic Republic of Congo, alongside representative offices in Ethiopia and Brussels.
Furthermore, the group maintains an extensive network of more than 200 correspondent banking relationships worldwide.
As a result, customers enjoy seamless support for their international trade and cross-border banking needs, wherever they are.
About Inchcape
Inchcape is a leading global distributor and retailer of automotive and heavy machinery products.
The company operates through an extensive network of dealerships and service centres across multiple countries.
Inchcape partners with world-renowned original equipment manufacturers to provide high-quality vehicles, tractors, and agricultural equipment.
With a strong focus on customer service and after-sales support, Inchcape delivers reliable solutions that meet the needs of diverse markets.
The company is committed to driving innovation and sustainability while supporting economic growth in the regions it serves.
Inchcape’s presence in Kenya and East Africa plays a key role in enhancing access to modern machinery and technology for businesses and farmers alike.
