NCBA has entered into a partnership with Salvador Caetano Kenya Limited to roll out a structured Asset Financing Scheme aimed at widening access to vehicle ownership for individuals, SMEs, and corporate clients across Kenya.
The programme introduces financing of up to 100% for personal vehicles and up to 95% for commercial units, alongside repayment periods of up to 84 months and reduced processing fees. It will cover a range of passenger, commercial, and electric vehicles sourced from brands including Hyundai, Kia, Ford, JMC, and Chery. The collaboration positions NCBA within Kenya’s growing vehicle financing market at a time when demand for flexible ownership models continues to rise, particularly among businesses managing logistics and fleet expansion costs.
Structured Financing Push across Passenger and Commercial Segments
Under the NCBA–Salvador Caetano Kenya Asset Financing Scheme, customers will access tailored financing options designed for different mobility needs, ranging from private car buyers to transport operators and corporate fleets.
The scheme’s coverage includes passenger vehicles, commercial units, and electric vehicles, with financing structures aligned to income profiles and business cash flow cycles. The 84-month repayment window is expected to provide extended flexibility for borrowers managing long-term asset investment decisions. The participating brands under the NCBA-Caetano Kenya programme include Ford, Kia, Hyundai, Renault, JMC, and Chery, expanding the available portfolio across utility, logistics, and passenger mobility segments.
NCBA Focus on Structured Asset Finance Expansion
NCBA Group said the partnership is designed to strengthen access to structured mobility financing through collaboration with an established automotive distributor network. Lennox Mugambi, NCBA Group Director, Asset Finance & Business Solutions, said the partnership is centred on customer-focused financing models.
“At NCBA, we believe in the power of partnerships to ignite belief and empower ambitions. This collaboration with Salvador Caetano Kenya Limited places customers at the centre of practical, flexible financing solutions that make vehicle ownership more accessible today and into the future.”
NCBA’s asset finance segment has increasingly targeted SMEs and corporates seeking fleet expansion solutions without heavy upfront capital commitments, a segment that continues to drive demand for structured lending products in Kenya.
Caetano Kenya’s Distribution and Mobility Footprint
Salvador Caetano Kenya Limited, operating commercially as Caetano Kenya, is a subsidiary of the Salvador Caetano Group headquartered in Portugal. The group operates across Europe, Latin America, and multiple African markets, with more than 100 companies in its global network.
Caetano Kenya established its presence in Kenya in 2014 and serves as an importer, franchise holder, and after-sales service provider for multiple global automotive brands. Its operational network includes a central multi-brand facility at Crater Automobiles Centre along Mombasa Road in Nairobi, alongside service and retail infrastructure across the country.
Brand Portfolio Supporting Diversified Vehicle Demand
Caetano Kenya manages a wide vehicle portfolio targeting passenger, commercial, fleet, and electric mobility segments. Its brand lineup includes Ford, offering models such as the Ranger, Wildtrak, Everest SUV, and Transit Vans. Kia’s range includes the Sonet, Seltos, Sportage, Sorento, and the Kia EV5. Hyundai covers sedans and SUVs including the Santa Fe and KONA Electric.
The portfolio also extends to Renault vehicles and Renault Trucks for logistics applications, JMC pickups such as the Vigus Pro for light industrial use, and Chery passenger vehicles positioned for urban and suburban demand. The distribution network is supported by Caetano Express, a service system with 23 touchpoints across eight Kenyan cities, and Caetano Parts, which manages more than 10,000 OEM and aftermarket components.
Executive Outlook on Financing and Mobility Access
Aurélien Glay, Managing Director of Salvador Caetano Kenya Limited, said access to financing remains a key factor influencing vehicle ownership decisions in Kenya.
“At Caetano Kenya, we see it every day: the biggest barrier for many customers is not the need it is the ability to act quickly, confidently, and affordably. That is where this partnership comes in. NCBA brings financial agility, strong structuring capabilities, and deep understanding of the Kenyan customer. Caetano brings a diversified portfolio of trusted brands, operational strength, and execution on the ground. Together, we are not just offering vehicles. We are enabling decisions. We are accelerating growth – for individuals, for businesses, and for the economy.”
Jefferson Wachira is a writer at Africa Digest News, specializing in banking and finance trends, and their impact on African economies.