CFAO Mobility Kenya and Equity Bank Launch 105% Asset Financing for School Transport
(R-L) Equity Bank Kenya Commercial Director David Bagenda and CFAO Mobility Kenya Deputy Managing Director Joshua Anya during the signing of a partnership between the two organizations to finance educational institutions and other customers in accessing up to 105% vehicle acquisition financing, covering the full cost, including insurance and related expenses. The partnership was launched at the CFAO Mobility Head Office along Uhuru Highway in Nairobi.
CFAO Mobility Kenya, a prominent provider of automotive solutions, has partnered with Equity Bank to roll out a strategic asset financing program aimed at transforming school transport in Kenya. The initiative will offer up to 105% financing on a wide range of vehicles under the CFAO Mobility portfolio, eliminating upfront capital burdens for institutions.
The partnership’s flagship initiative is a school bus and van financing program that enables schools to acquire vehicles with comprehensive funding. The package includes full vehicle costs, insurance, and related expenses, with flexible repayment terms of up to 84 months. Schools will be able to acquire models such as the Toyota Hiace Van, Mercedes Benz Bus 917, and Hino FC 500 all known for safety, durability, and comfort.
In a bid to match schools’ cash flow cycles, the program features structured termly repayments aligned with academic calendars. Additionally, participating institutions will benefit from after-sales support and training packages to ensure vehicle longevity and efficient operation.
Speaking during the launch, CFAO Mobility Kenya Deputy Managing Director Joshua Anya emphasized the company’s commitment to the education sector. “We are proud to deliver world-class mobility solutions that cater specifically to educational institutions. Through this partnership with Equity Bank, we are empowering schools to invest in dependable transport, which in turn supports student enrolment and learning outcomes,” said Anya.
The initiative comes amid growing concerns over school transport safety and reliability. By offering 105 percent financing, the partnership aims to promote dignified and safe learner mobility across the country without the need for substantial upfront investment.
Equity Bank, known for its accessible asset financing options, sees the collaboration as a game-changer for educational institutions. Equity Bank Kenya Commercial Director David Bagenda, speaking on behalf of Managing Director Moses Nyabanda, expressed the bank’s enthusiasm.
“This partnership is about more than just financing it’s about facilitating access to education. With flexible payment plans and a focus on safety, we are helping schools focus on what matters most: delivering quality education,” said Bagenda.
The partnership reinforces both institutions’ commitment to leveraging innovative financial and mobility solutions to support Kenya’s education system and national development goals.
