Kenya’s largest Sacco in both assets and dividends paid, Stima Sacco, has been awarded as the best Sacco in the country in automotive financing.
The award was conferred at the Automotive Industry Awards for 2023 with more than 100 entities taking part this year.
Stima Sacco offers customers up to 90 percent financing for motor asset finance, making it easy for Kenyans within and without the country to easily own a car without dropping a sweat.
Unlike other entities that offer asset financing, Stima Sacco charges 12.75 percent per year, one of the lowest. The interest rate is on a reducing balance with a repayment period of up to 60 months.
“We are always striving to give our customers what is the best. We know that sometimes our customers might be ahead of us in terms of their preferences and that is why our teams are always on the lookout to innovate what fits our customers,” said Stima Sacco in a statement.
Asset finance is a convenient way that enables people to own and manage assets without having to break their bank accounts. With the ever-rising cost of living, asset finance is the only way that many people can create wealth
Last week, Stima Sacco came up with a new product that will allow their customers to own POA tanks for water storage while paying for it conveniently following a partnership with Jumbo Quality Products.
“We are also excited to share with you that Stima Sacco has forged a partnership with Jumbo Quality Products, the manufacturers of POA Tanks. This collaboration allows us to offer POA Tanks to our members through our Makeover loan product with a flexible payment plan,” said the Sacco in a statement.
The new product from Stima Sacco comes with calls for Kenyans to find ways to store and conserve water in the face of unpredictable climatic conditions.