CFAO Mobility and Stanbic Bank Kenya have renewed their partnership agreement aimed at making vehicle ownership more accessible for individuals and businesses across the country.
Under the renewed Memorandum of Understanding (MOU), customers will be able to access financing of up to 100 per cent for personal vehicles and up to 90 per cent for commercial vehicles.
The agreement also offers zero processing fees and flexible repayment periods of up to 96 months for salaried customers and up to 72 months for business clients across all models under CFAO Mobility’s portfolio.
Speaking during the announcement, Daniel Maundu, General Manager for Toyota National Sales at CFAO Mobility, said many customers still face financial challenges despite being ready to own vehicles.
“At CFAO Mobility, we believe car ownership starts with access. Every day, we meet customers who are ready to own a vehicle but face financial constraints,” he said.
The partnership brings together CFAO Mobility’s automotive business and Stanbic Bank’s asset financing solutions, with the two firms seeking to support customers throughout the vehicle ownership journey, including purchase, servicing, maintenance, and upgrades.
Kimani Njagi, Head of Vehicle and Asset Financing at Stanbic Bank Kenya, said the partnership is focused on offering practical financing solutions for both individuals and businesses.
“This partnership combines CFAO’s mobility expertise with Stanbic’s asset financing solutions to provide seamless vehicle financing,” Njagi said.
The announcement was made during the 2026 Beauty Meets the Bonnet event, a women-only automotive platform created to help women better understand vehicle ownership and financing.
During the event, participants had an opportunity to test drive different vehicle models and take part in practical sessions on vehicle maintenance, including identifying genuine spare parts and learning how to change a tyre.
The platform already boasts over 800 members and still concentrates on aspects like financial empowerment, practical knowledge of cars, after-sales services, and upgrades.
This renewed partnership follows growing demand for affordable financing for various assets in Kenya, with financial institutions and dealers of cars searching for ways to attract clients.
