NCBA, Isuzu join hands in school bus financing
Thursday January 28 2021
By KEVIN ROTICH
Summary
Under the financing deal, private schools will enjoy up to 72-month repayment period on buses bought from Isuzu East Africa. The NCBA loans have an interest rate of 13 percent.
The financing deal was arrived at following a consultation with 822 schools under the Kenya Private Schools Association (KPSA) umbrella.
NCBA Bank #ticker:NCBA is targeting schools with a new financing deal to meet transport demand amid a reduction in buses’ carrying capacity due to coronavirus.
This comes on the back of a requirement restricting school buses to utilise half of their normal capacity.