Equity : Bank Kenya enters into partnership with Toyota Kenya Limited

Equity Bank Kenya enters into partnership with Toyota Kenya Limited

The partnership agreement will see customers get up to 95% financing payable within 60 months on the single cab Hilux pickups.

Nairobi, 23^rd May 2019...Equity Bank Kenya and Toyota Kenya Limited have today signed a partnership agreement that will see customers get up to 95% financing payable within 60 months on the single cab Hilux pickups.

Speaking at the customer handover ceremony, Equity Bank Kenya Managing Director, Polycarp Igathe indicated that the Bank is excited to be partnering with Toyota, one of the biggest automobile companies globally, to provide the much needed financing to businesses and individuals who may wish to expand their businesses but face financial constraints.

'We share a common goal with Toyota which is to empower SMEs and those in the agribusiness value chain from farmers to processors. This partnership will go a long way to enable easier and more convenient access to finance. We are always looking for ways to add value and provide affordable and flexible financing solutions to our customers and Kenyans,' said Igathe.

On his part, Toyota Kenya MD Mr. Arvinder Reel said 'The financing partnership with Equity Bank marks a special moment for us as we celebrate 50 years of Toyota Hilux, a vehicle that has over the years been known as one with an untouched legacy and unrivalled toughness. It is in this spirit that we continue offering customers easier options to purchase top quality, durable and reliable vehicles while ensuring they love the Toyota Kenya experience.'

Equity Bank is giving customers who qualify for the financing, a 90 day holiday before they begin repayments. In addition, customers who purchase the Hilux single cab vehicle under the partnership terms also have an opportunity to choose between a 1 year free maintenance service from Toyota or 1 year comprehensive insurance from a reputable underwriter, as part of the deal.

The Bank has allowed customers to repay the loan through any of the Bank's alternative channels such as EazzyBanking App, Equitel and through any of the Equity agents or branches all over the country

The Hilux single cabin pick-up is an all-terrain vehicle with the largest load capacity in the pick-up segment. It is efficient in terms of fuel consumption with enhanced safety features making it suitable for both private and commercial use.

Ends…

For more information, please contact:

Alex Muhia Equity Bank Group T: 0763 026 007 (Office) T: 0763 618 871 (Mobile) E:[e-mail] E: [e-mail]

Anne Wanyeki Toyota Kenya Limited T: 0719 029 000/014 T: 0724 362 866 E: [e-mail] E: [e-mail]

About Equity Bank Kenya

Equity Bank Kenya Limited is one of the biggest banks in Kenya, with a large network of 179 branches and over 500 ATMs spread across the country with 52 of these branches located in Nairobi. The Bank currently serves over 10 million customers and has deployed a number of Alternate Business Channels to enhance its product and service delivery. These include: Agency Banking, Internet Banking, Mobile Banking, over 26,000 Point of Sales (POS) machines as well as partnerships with major telecom companies.

Equity Bank Kenya Limited is part of Equity Group Holdings Plc that serves 13.5 million customers regionally and has banking subsidiaries in Uganda, Tanzania, Rwanda, South Sudan and Democratic Republic of Congo.

About Toyota Kenya Limited

Toyota Kenya Limited is the sole distributor and service provider of Toyota, Yamaha, Hino and Case IH brands in Kenya. Our Head Office is in Nairobi and we have branches in Mombasa, Eldoret, Kisumu, Nyeri, and Lodwar. We also have regional dealer representation in Nanyuki, Nakuru, Kericho, Meru, Kitale, Kakamega, Naivasha, Malindi and Voi. TKL is owned 100% by Toyota Tshusho Corporation [TTC]; the trading arm of Toyota Motor Group [TMC].

Our Vision: To be the company where customers love to visit, and people love to work.

Our Values: Customer For Life, Self Managed People, Challenge With a Passion.

Our Philosophy: Kaizen We are continuously looking for ways to advance, grow, better the lives and impact positively on our working environment, our people and our products and services, through application of Kaizen: a strategy of 'Continuous Improvement'

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