New and existing First Trust Finance Services customers, individuals and organizations, who wish to access financing for movable income generating assets valued at 3 million shillings and above.
Benefits
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Enabling First Trust Finance Services customers to acquire movable income generating assets valued at affordable interest rates.
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The asset should clearly be identifiable, movable, durable and insurable e.g. Vehicles/Motorcycles – Commercial only
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Plant and machinery - manufacturing, processing plants, etc.
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Equipment - printing machines, factory plants, office equipment, professional equipment etc.
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Yellow metal-bulldozers, front and loaders, graders
Requirements
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Saving or Current account with First Trust Finance Services
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Clearly identifiable source of additional regular income
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Proforma Invoice for the Asset from prequalified suppliers
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The applicant must contribute at least 30% of the asset value or provide additional collateral worth 30% of the asset value.
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Good loan history for the case of existing borrowers
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The asset must be purchased from First Trust Finance Services prequalified suppliers. The asset must be comprehensively insured renewable annually.