NCBA, Isuzu join hands in school bus financing

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.

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