Farmers in Kajiado County are set to benefit from a new financing partnership that will make it easier to acquire tractors and mechanize their farms. The initiative, launched today in Kimana, Loitokitok sub-county, offers up to 95 percent financing for New Holland tractors and related equipment, with flexible repayment terms of up to five years.
The financing scheme is a collaboration between Equity Bank Kenya and Inchcape Kenya Ltd, the official distributor of New Holland agricultural machinery. It is designed to support smallholder and commercial farmers by easing the financial burden of acquiring modern farm equipment.
Speaking during the launch, Equity Bank Kenya Commercial Director David Bagenda said the initiative will help farmers increase productivity and improve household incomes. “By easing access to tractors and implements, we are supporting farmers to modernize their operations and contribute to Kenya’s food security,” he said.
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Under the partnership, farmers can also access financing for essential implements such as ploughs, harrows, planters, mowers, and sprayers. The package includes competitive interest rates and one year of free insurance cover through Equity Bancassurance Intermediary Ltd (EBIL).
Inchcape Kenya Managing Director Marion Gathoga described the partnership as a milestone in promoting agricultural mechanization and transforming rural livelihoods. “Access to the right equipment should never be a barrier to progress. We are empowering farmers to increase production and strengthen food security,” she said.
The financing package covers a range of New Holland tractor models, including the TT Series, TD Series, and TS Series, available in both 2WD and 4WD options.
To support farmers in other regions, Inchcape Kenya has also established branches in Nakuru, Eldoret, and Kisumu, offering sales, maintenance, and genuine spare parts from trained technicians.
The partnership is expected to boost mechanization, promote food security, and empower farmers to build more resilient and sustainable agribusinesses across Kenya.
By Masaki Enock
