Commonly asked questions about investing in the matatu industry.

Wambururu's Blog

I wish to venture into the transport industry but I don’t know how to access asset finance loan. I request u share with me the knowledge u got in that sector I and those who will read through this.

NIC Bank offers asset finance facilities to both NIC Bank account holders and non account holders as well. The level of finance basically depends on the client’s ability to repay. The specific terms for financing of p.s.v units are;

Finance of up to 70% of the cost of the unit / We only finance brand new p.s.v units

The maximum period of finance is 36 months/Finance can be to a SACCO, Limited entity or an individual.

However an individual will need to belong to a SACCO/a registered entity since TLB licenses are no longer being issued to individuals

For borrowing below kes.15m, the client will only need to provide original bank…

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