KCB Bank has joined forces with Inchcape Kenya in a new initiative designed to expand access to agricultural machinery by offering farmers affordable financing for New Holland tractors and related farm equipment.
The partnership seeks to accelerate mechanization across Kenya’s agricultural sector, enabling farmers and agribusinesses to acquire modern machinery without committing substantial upfront capital. The move is expected to enhance farm productivity while supporting the country’s broader food security ambitions.
Under the arrangement, farmers can secure financing covering up to 95 per cent of the purchase price of New Holland tractors and accompanying implements. Repayment periods extend for up to 60 months, allowing borrowers to structure payments in line with the long term nature of agricultural investments.
Recognizing the seasonal nature of farming, the financing package also allows customers to choose repayment schedules aligned with harvest cycles. Those opting for monthly instalments will benefit from a 60 day grace period after equipment delivery before repayments commence, easing financial pressure during planting and early production stages.
Commenting on the partnership, Inchcape Kenya Managing Director Marion Gathoga Mwangi said improving access to mechanized farming solutions is essential if Kenya is to raise agricultural output and efficiency.
“Mechanization remains one of the most important drivers of productivity in agriculture. By making modern equipment more accessible, we are helping farmers increase yields, lower operating costs and make farming a more sustainable and rewarding enterprise,” she said.
Gathoga Mwangi added that wider adoption of modern farm machinery could significantly reduce labour costs, improve operational efficiency and strengthen the country’s capacity to meet rising food demand.
KCB Bank Director of Corporate Banking Peter Ng’eno said the initiative reflects the bank’s continued commitment to supporting the agricultural sector through financing solutions tailored to farmers’ realities.
“Our partnership with Inchcape Kenya is aimed at removing barriers that have traditionally slowed the uptake of mechanization. Flexible repayment structures that reflect farming cycles will allow more farmers to invest in productive assets, improve output and grow their businesses,” he said.
Agriculture remains a cornerstone of Kenya’s economy, contributing substantially to national output and providing livelihoods for millions of people. Yet limited access to modern machinery continues to constrain productivity, particularly among smallholder farmers who account for the bulk of food production.
Industry experts increasingly view mechanization as central to transforming African agriculture, improving yields, reducing post harvest losses and enhancing resilience across the food system.
The latest collaboration between KCB and Inchcape Kenya reinforces growing efforts by financial institutions and equipment suppliers to make agricultural machinery more accessible, positioning mechanization as a critical enabler of sustainable agricultural growth in Kenya.
