Equity Bank and CFAO Mobility partner to provide 105% vehicle financing in Kenya

Equity Bank Kenya and CFAO Mobility Kenya have entered into a strategic asset financing partnership aimed at enhancing vehicle ownership in the country. Through this new initiative, customers will have access to up to 105% financing on a wide range of vehicles under the CFAO Mobility umbrella—covering not just the purchase price, but also insurance and other associated costs.

The first rollout of the partnership focuses on the education sector with the launch of a dedicated school bus and van financing programme. Targeting schools and institutions, the initiative enables full financing for vehicle acquisition, including flexible repayment plans extending up to 84 months. Initially, the programme will cover the Toyota Hiace Van, Mercedes Benz Bus 917, and Hino FC 500 buses.

To further support participating schools, the financing package includes termly repayment schedules aligned with the academic calendar, comprehensive after-sales support, and training packages for proper vehicle use and maintenance.
Speaking at the announcement, Joshua Anya, Deputy Managing Director of CFAO Mobility Kenya, highlighted the company’s commitment to education through reliable transport solutions.

“We are bringing our world-class mobility solutions and unmatched after-sales support to ensure the vehicles are safe, durable, and fit for the education environment,” said Anya. “This partnership with Equity Bank will empower schools to provide dependable transport services, thereby fostering improved enrolment and enriched educational experiences.”

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Equity Bank’s Commercial Director, David Bagenda, speaking on behalf of Managing Director Moses Nyabanda, underscored the bank’s focus on easing cash flow challenges for educational institutions.

“This partnership goes beyond financing—it’s about enabling access to education through dignified and dependable mobility,” said Bagenda. “By offering up to 105% asset financing with flexible repayment plans, we are easing the financial burden on schools and helping them invest in safer, more efficient transport solutions that can positively influence student performance and school operations.”

CFAO Mobility Kenya, a subsidiary of the CFAO Group, is the official distributor and service provider for leading automotive brands including Toyota, Mercedes Benz, Volkswagen, Suzuki, Hino, Hyundai, Yamaha motorcycles, and Sinotruk (HOWO). The company also operates Winpart (value parts) and AUTOFAST quick service stations across the country.

The partnership underscores both organisations’ commitment to enabling access to quality transport solutions through innovation, financial inclusion, and strategic collaboration—beginning with a transformative step for Kenya’s education sector.