Challenge

 Drivers find it difficult to maintain their cars daily.

Owners are unable to obtain reasonably priced finance for fleet growth or auto repairs.

- For their firms to continue operating effectively, operators want flexible funding options.

MotiSure's Micro-Loan Partnership is the answer.

MotiSure launched microloans specifically designed for the transportation industry through strategic alliances with financial institutions. These loans provided:

•   Fast access to money for emergencies, maintenance, and fuel;
•  Flexible repayment plans based on daily or weekly income;
•  Low interest rates in comparison to unofficial lenders;
•  Financial protection combined with accident coverage for loan recipients

Outcomes & Impact

•  Improved Vehicle Uptime: Drivers were able to obtain funds for prompt repairs, which decreased downtime.
•  Financial Security: Operators were able to enhance their cash flow without depending on unscrupulous lenders.
•  Business Growth: By using easily accessible finance, owners increased the size of their fleets.

In conclusion

Through the provision of security and financial resilience, MotiSure's microloan solution is empowering Kenya's transport sector. We make sure that drivers, owners, and operators remain on the road, make a living, and expand their enterprises by combining loans and insurance.

 

 Take part in the movement. Let's continue Kenya's progress!