Family Bank Boosts Rembo Classic Sacco with KSh 26.6 Million Fleet Expansion Loan
Kenya Coach Industry General Manager Sales Dr. Roslyne Njoki, General Manager After Sales Peter Mwondi, Family Bank Chief Retail Officer Phyllis Kimani hands over 5 PSV buses, financed by the Bank through an asset facility of KES 26.6 million, to Rembo Classic Sacco Chair Benson Timothy & Vice Chair Emily Tesot.
Nairobi, Kenya, October 3, 2025 – Family Bank has advanced a KSh 26.6 million financing facility to Rembo Classic Sacco to support the acquisition of five new Isuzu public service vehicles, enhancing the Sacco’s transport capacity across Nairobi and its environs.
The funding aims to strengthen Rembo Classic Sacco’s operations, ensuring safer, more reliable, and efficient transport services for thousands of commuters who rely on its fleet daily.
Speaking during the flag-off ceremony, Family Bank Chief Retail Officer Phyllis Kimani emphasized the bank’s unwavering support for small and medium-sized enterprises (SMEs), terming them the cornerstone of Kenya’s economic growth.
“SMEs form the heartbeat of Kenya’s economy, contributing significantly to job creation and innovation. At Family Bank, we remain committed to empowering businesses such as Rembo Classic by offering affordable and flexible financing solutions that enable them to grow, scale, and impact their communities positively,” Kimani said.
She added that Family Bank’s partnership with the Sacco reflects the institution’s ongoing efforts to promote financial inclusion and business resilience in the transport sector, which supports thousands of livelihoods.
Rembo Classic Sacco officials welcomed the partnership, noting that the new vehicles would help decongest routes, improve commuter experiences, and expand the Sacco’s service network.
The collaboration aligns with Family Bank’s broader strategy to strengthen Kenya’s SME ecosystem through customized financial products designed to enhance sustainability, stimulate growth, and contribute to the country’s socio-economic development.
Family Bank continues to be a key player in supporting Kenya’s transport and cooperative sectors, channeling resources that empower local enterprises to modernize their operations and meet the evolving needs of the urban transport landscape.
