Rafiki Microfinance Bank and Toyota Kenya in asset finance deal
Nairobi, Kenya, February 9, 2021… Toyota Kenya and Rafiki Microfinance Bank have entered an asset financing deal targeting the growing biker community, which will enable the purchase of the Yamaha FZ150 and Yamaha FZ250 street bikes in flexible monthly instalments.
The deal will see the bank offer up to 80% financing, payable within 24 months. Under the agreement, with a 20% deposit, the FZ150 customers will pay monthly instalments from as low as Ksh15,099, while the FZ250 customers will make monthly payments from Ksh25,343.
Speaking at the signing ceremony, Rafiki Microfinance Bank, General Manager- Business Development, Derrick Lwatati said, the Bank is focusing on providing financial solutions to the growing needs by customers who want to purchase motorcycles for personal use. “ These financial solutions include access to finance and insurance”.
On his part, Toyota Kenya GM Corporate, Peter Wanjala said the FZ series financing was the first of many agreements that would give both commercial and leisure riders an opportunity to enjoy the Yamaha quality affordably. “With a growing interest in motorcycles for commuting and adventure riding, the FZ series range of bikes are wonderful models to showcase the Yamaha quality, style and dynamic feel while on the road.”
The FZ150 and FZ250, the latest additions to the Yamaha Kenya portfolio, are suitable urban bikes, coming in with a new styling based on the ‘Urban Fighter Concept’, and new features for a comfortable and steady city ride and occasional trips outside the city.
The addition of the new features, which include a body design that groups the front face, fuel tank and engine together to give the FZ a bigger appearance, and a front disc with Anti-Lock Braking System (ABS) that helps in achieving improved braking performance; the FZN delivers proven reliability for commuter and leisure rides.
Toyota Kenya will provide aftersales support for the Yamaha FZ including 2 free service appointments across all Toyota Kenya branches, dealers and approved service centres who have been trained by Yamaha Motor Corporation.
Toyota Kenya Limited
Toyota Kenya Limited is a subsidiary of CFAO Automotive, a division of the CFAO Group. CFAO Automotive distributes the Toyota brand in 34 East, West and Central African countries, as well as in the French overseas territories. Headquartered in Nairobi, Toyota Kenya is currently the sole distributor and service provider of Toyota, Yamaha motorcycles and Hino trucks in Kenya, and an appointed distributor of Suzuki brand. The company has a network of 31 branches, dealerships, and approved Toyota Service Centres across the country.
About Rafiki Microfinance Bank
Rafiki Microfinance Bank is licensed and regulated by the Central Bank of Kenya, through the Microfinance Act, 2006 (amended, 2013).It is the third largest microfinance institution in Kenya. Rafiki has 19 branches spread across 11 counties in Kenya. The microfinance bank uses the branches, internet banking, mobile banking, agency banking and VISA ATM network to serve customers. Rafiki offers savings facilities, credit, money transfer services, trade finance forex and banc-assurance services.
For further Information or to arrange for interviews with Rafiki Microfinance Bank Zak Syengo or email firstname.lastname@example.org, 0706757140