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NCBA has today unveiled enhanced Public Service Vehicle (PSV) Asset Finance terms, reaffirming its commitment to supporting Kenya’s vibrant transport sector. The new package is tailored to empower PSV SACCOs, established transport companies, and individual SACCO members with competitive, inclusive, and flexible financing solutions.
Under the revised terms, PSV operators and established transport companies can now access up to 90% financing for repayment period of up to 60 months, while individual SACCO members can access up to 80% financing with repayment period of up to 48 months. This strengthens NCBA’s leadership in asset finance, where it commands more than a third share of the Kenyan market.
Commenting on the new offering, NCBA Group Director Asset Finance and Business Solutions, Mr. Lennox Mugambi said, “We recognize that many PSV operators are running sustainable operations but face barriers in accessing credit due to structural factors. By removing these barriers, we are enabling more operators to grow their fleets confidently under flexible and affordable terms.”
As part of its continued commitment to improving credit access, NCBA also announced the removal of two key conditions which previously restricted access to credit for individual PSV members. Customers will no longer be required to provide a formal SACCO guarantee for their loan application, nor to pledge their SACCO share contribution as collateral. In addition, customers will now enjoy the freedom to choose insurance providers from agents of their preference, providing greater flexibility, cost efficiency, and control over their financing journey.
I learned the hard way Matatu business is not for the fainthearted
In addition, NCBA has introduced Komiut, a digital fare collection platform, marking a significant milestone in transforming PSV operations. Komiut provides PSV operators with a simple, transparent, and secure way to collect fares, track revenue in real time, and strengthen their financial records. By digitizing daily collections, operators can minimize risks linked to cash handling, enhance accountability, and unlock new opportunities for growth through data-backed credit profiling.
Speaking during the event, Sally Chege, NCBA Director Transactional Banking stated, “At NCBA, we are committed to ensuring that our customers remain future-ready through innovative technology. By extending our services to provide this payment solution, we will ensure that our customers can track their income from their matatus and buses, giving them more control in planning their finances and growing sustainably.”
Mr. Samuel Ndegwa, Director, Safetek Systems Limited, said, “We are proud to partner with NCBA in reshaping Kenya’s public transport sector through Komiut. Together, we are empowering PSV operators to adopt cashless fare collection, strengthen financial transparency, and access real-time data for smarter decision-making.
Looking ahead, our focus extends to structured queuing systems and digital fleet management solutions designed to decongest busy termini, improve scheduling, and create a more efficient and sustainable transport system. This collaboration with NCBA goes beyond financing.
By offering flexible financial solutions, operators gain the confidence and resources needed to modernize their fleets and embrace digital transformation. The result is a transport sector that is not only more efficient and transparent but also positioned for long-term growth. Together with NCBA, we are building more than technology we are shaping the future of mobility in Kenya.
