Premier Credit has entered into a deal to finance borrowers acquire assets from local manufacturers.
Premier Credit has entered into an asset financing deal targeting entrepreneurs. The micro-lender will finance individuals and small to medium sized entrepreneurs acquire assets from local manufactures.
Five manufactures are part of this partnership. These are; Poly Tanks, Hot Point Appliances Ltd, Sustainable Energy Solutions and Africa Power Cloud Ltd. Repayments will be made in a period of between 6 months to 2 years.
The firm’s managing director, James Mugambi, said the asset loan product looks promising. “The asset loan product outlook is very promising because of the convenience it gives clients, especially in accessing assets.”
Premier Credit will initially roll out the product in Kenya only.