Diamond Trust Bank (DTB) has partnered up with Simba Corporation to fund small and medium enterprises (SMEs) to acquire new trucks.
Under the bank’s motor vehicle financing scheme dubbed Beba Leo, SMEs will have access to FUSO trucks with 100% financing. The deal comes with a flexible repayment period that will allow those interested to gradually repay without disrupting their cash flow or working capital.
According to Kennedy Nyakomitta, General Manager Asset Finance at DTB, the scheme is developed in a way that will allow the customer to cater to their most pressing needs without any capital outlay.
“With Beba Leo, the customer will not be required to outlay any cash to get these vehicles. They simply need an approval from DTB after which they can collect the desired vehicle from any Simba Corporation distributor across the country,” he said.
Ameet Shroff, Simba Corporation chief commercial officer established brands, said that customers want to grow their business to produce more and will only entertain solutions that will enable them to do what is best for them. “Our trucks are the best in the market, and we would like all customers to have access to purchase them and have a comfortable payment period,” he said.
In addition, customers will also receive a one-year comprehensive insurance cover from Simba Corporation, which is the sole representative for the distribution and service for a range of Fuso trucks. Besides, customers are assured of genuine replacement parts from the organisation.
“This partnership cements our commitment to grow the SME sector. Our decision to bring on board Simba Corporation was inspired by our aim to empower SMEs by giving them choice. Now they can select from a bigger pool the vehicle that best meets their business needs” said Mr Nyakomitta.
