Shadrack Nyakoe
Nyonjoro Hardware Store in Kitengela has enhanced its service delivery with the acquisition of a heavy-duty truck, made possible through an asset finance loan from Equity Bank’s Kitengela Branch.
The new truck is expected to significantly improve the efficiency of delivering construction materials such as cement, timber, steel bars, nails, terrazzo, and door locks to the store’s customers. The handover ceremony took place outside the Equity Bank Kitengela branch, where Nyonjoro Hardware Director, Samuel Njoroge, expressed his appreciation for the bank’s support.
“Equity has been a dependable partner in helping us acquire this truck,” said Njoroge. “We look forward to continued collaboration with the bank to purchase more vehicles and expand our business across East Africa.”
Winnie Karani, Business Growth Development Manager at Equity Bank Kitengela Branch, highlighted the bank’s role in empowering businesses. “Through asset financing, we aim to create jobs, support businesses, and enable smoother transportation of goods and services. This partnership with Nyonjoro Hardware exemplifies the impact of working together to achieve common goals,” she said.
Simon Otieno, Equity Bank’s Nairobi East Regional Relationship Manager for Asset Finance, noted the institution’s streamlined processes for asset acquisition.
“Our approval process is seamless, sometimes taking as little as two days. We also offer flexible collateral requirements and friendly repayment terms,” he explained.
Equity Bank finances a wide range of assets, including motor vehicles, construction equipment, agricultural tools, and IT equipment, and also provides insurance for acquired assets.
The addition of the new truck is expected to boost Nyonjoro Hardware’s sales and delivery capabilities, positioning the company as a leading supplier of construction materials in Kitengela and beyond.
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