Stanbic Bank Kenya Partners Simba Corporation to Launch 100% Asset Financing Solution
The financing package is designed to cover a wide range of business needs, including vehicles, equipment, and power solutions.
Stanbic Bank Kenya has partnered with Simba Corporation Limited to introduce a new 100% asset financing solution aimed at supporting business growth and improving access to productive assets.
The financing package is designed to cover a wide range of business needs, including vehicles, equipment, and power solutions. Through the offering, customers can access full asset financing, zero facility fees, and risk-based pricing tailored to their financial profiles.
A key feature of the solution is a 60-day repayment moratorium, which allows businesses time to deploy and begin using the financed assets before repayment obligations begin. This structure is intended to ease initial cash flow pressure and support smoother business operations during the early stages of asset utilization.
Stanbic Bank said the initiative is focused on making it easier for businesses to acquire essential assets, strengthen liquidity, and expand operational capacity. By reducing upfront financial barriers, the partnership aims to enable companies to grow more sustainably and efficiently.
