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Equity Bank Kenya has partnered with Inchcape Kenya Limited to roll out an affordable tractor financing scheme funding for New Holland tractors, in a move aimed at boosting agricultural mechanization and productivity across the country.
Through the initiative, farmers can access up to 95 percent financing for the purchase of New Holland tractors, with flexible repayment terms of up to 60 months.
The package also includes one year of free insurance cover provided through Equity Bancassurance Intermediary Limited (EBIL).
Speaking during the launch in Loitokitok, Equity Bank Kenya Commercial Director David Bagenya said the partnership will make mechanization more accessible and affordable for farmers, enhancing agricultural productivity and food security.
“This initiative reflects our commitment to empowering farmers through accessible financing solutions that drive agricultural modernization. By easing the financial burden of acquiring tractors and farm equipment, we are enabling farmers to modernize their operations, increase productivity, and contribute to Kenya’s food security,” Bagenya said.
He added that the collaboration aligns with the bank’s Africa Recovery and Resilience Plan, which seeks to empower communities and drive sustainable development across the continent.
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Inchcape Kenya Managing Director Marion Gathoga-Mwangi emphasized that access to modern machinery is key to transforming agriculture.
“We believe that access to the right equipment should never be a barrier to progress. By making tractor acquisition easier and more affordable, we are driving not only mechanization but also productivity, growth, and food security in the country,” she said.
The financing scheme will cover a wide range of New Holland tractor models, including the TT Series (55HP–75HP), TD Series (80HP & 95HP), and TS Series, with both two-wheel and four-wheel drive options.
Farmers will also be able to finance essential implements such as ploughs, harrows, planters, and mowers under the same arrangement.
Inchcape Kenya, headquartered in Nairobi, has established branches in Nakuru, Eldoret, and Kisumu to bring tractors and after-sales services closer to farmers.
The branches offer support from trained technicians and genuine New Holland parts to ensure reliability and long-term performance.
“Together with our financing partner, we are turning ambition into action ensuring that every farmer, regardless of size or scale, can access the tools they need to transform their land, yields, and livelihoods,” Gathoga-Mwangi added.
