According to the Kenya Association of Manufacturers (KAM), Kenya's automotive industry is the most developed in East Africa. It plays a crucial role in the economy by facilitating the movement of goods and people from one place to another. It also contributes directly or indirectly to Kenya’s GDP. The automotive industry is very adaptive to new technologies and financial support is very key to that process. The industry, however, faces challenges such as lack of long-term financial solutions.
At Family Bank, we make it easy for our customers and non-customers alike to access affordable credit to bridge such financial challenges.
A classic example is Associated Motors which introduced the Isuzu brand of commercial vehicles into Kenya over 55 years ago. It has continued to become one of the pioneering dealerships that offers the complete sales, service and spares experience in the East African region. Under the leadership of the Managing Director, Moez Jamal, the dealership has been working hand in hand with the Bank. Moez attests that Family Bank has shown great interest in understanding the business operations of the dealership in order to find out ways to foster the relationship.
“The experience working with Family Bank has been very good and very interactive and I believe that the name of the Bank reflects what exactly Family Bank does,” said Moez Jamal.
Just like Associated Motors toy stand to benefit from services such as trade finance facilities including structured trade finance, invoice discounting, post-import financing, pre-shipment finance and guarantees that will help remove the supply and payment risks as you conduct your business. We also offer various asset financing deals that will help you spread the cost of purchasing motor vehicle and other machinery and help you to free up working capital in the long-term.
Let us make you feel supported, valued and understood while you create opportunities that will last a lifetime. Grow your business with us and let us go all the way with you for life. Hear more from Associated Motors:
