Motorbank Kenya is the only company which specializes exclusively in the Hire Purchase and Tracking of Motorcycles in Kenya. Established in 2011, Motorbank Kenya aims at creating a unique partnership with the customers by providing simple higher purchase installment payments for motorcycles with reasonable or no deposits mostly to rural small business customers.
Motorbank aims at creating this partnership with customers by providing access to motorcycles on hire purchase for a specified period with minimum or no initial deposit payments. In turn customers mostly small business are given a grace period of 3 months to raise the required deposit while using the motorcycle for their business. Payments in this plan are usually done on daily basis by mobile phone or M-pesa.
Utilizing its market support countrywide, through many motorcycle brands, Motorbank facilitates in organizing the customers in small groups in line with the micro credit approach, this self management by customers has increased confidence, dedication and compliance among customers.