Hotline +254 763 063 000
Hotline +254 763 063 000
Equity has signed a Memorandum of Understanding with Crown Healthcare to enable SMEs in the medical sector to acquire medical equipment . Under the agreement, Equity will provide equipment financing, trade finance solutions, working capital facilities as well as offer the bank’s products and services at customized and competitive terms.
Speaking at the signing ceremony in Nairobi, Equity Director of Marketing, David Nyamu said the Bank is keen on supporting organizations within the healthcare sector to have access to the necessary medical equipment, more so during this Covid-19 pandemic.
“In recent times, the pivotal role that the healthcare sector plays in providing essential services to the community has become more apparent. By signing this MOU, we want to support SMEs within the healthcare sector access medical equipment distributed and offered by Crown Healthcare,” said Nyamu.
Under the equipment financing facility, Equity will provide credit through equipment finance or hire purchase, purchase of receivables and import-based equipment finance for both new and used equipment. The financing will be up to 90% of the asset cost, for a maximum repayment period of 5 years. A three months grace period to allow for set up and testing will be available on request.
Crown Healthcare Group Chairman, Shilen Thakerar said the MoU has come at an opportune time when Crown enjoys 70% market share on the provision of dialysis equipment.
“We have invested heavily in providing services and provisions for lab dialysis and radiology equipment across Kenya and East Africa. These machines are not cheap and to partner with a Bank with a strong balance sheet like Equity’s, indicate that we have made the right move for our customers,” he said.
The Bank has also committed to offer trade finance solutions such as Letters of Credit, Post Import Finance, and Guarantees to aid in the importation of various equipment. For organizations seeking short terms loans, Equity will provide overdraft and short term working capital loans, also at competitive terms.
Already, the Bank has embarked on opening accounts for Crown Healthcare customers who want to benefit from the partnership. Customers will also access other bank products including office space financing/purchase of office building; construction loans/development loan; motor vehicle and ambulance financing; invoice discounting; insurance products and services and access to different payment channels such as POS machines and Eazzypay, and liquidity management
Director of Marketing David Nyamu (seated left) and Crown Healthcare Group Chairman Shilen Thakerar (seated right) sign the MoU at Crown Healthcare’s country office in Syokimau. Looking on is Equity Kitengela Branch Business Growth and Development Manager Winnie Karani (centre). Equity has signed a Memorandum of Understanding with Crown Healthcare to enable SMEs in the medical sector to acquire medical equipment financing.
Equity’s Marketing Director David Nyamu (left) and Crown Healthcare Group Chairman Shilen Thakerar (right) exchange the MoU documents after the signing ceremony. Under the agreement, Equity will provide equipment financing, trade finance solutions, working capital facilities as well as offer the bank’s products and services at customized and competitive terms.
Equity has been ranked as the 2nd topmost valuable brand in Kenya, according to Brand Finance, an...
View MoreNairobi, 1
Nairobi 25th November 2020… Equity has announced the appointment of Samuel Onyango as a...
View MoreFor the third consecutive year, Equity has won the 2020 SME Bank of the year - Africa Award at the...
View MoreThe second consignment of PPEs for public hospitals is valued at Ksh 125M with an additional...
View MoreProf. Waema brings on board his extensive ICT experience that spans over 30 years in both private...
View MoreEquity, with a balance sheet size worth Kshs. 673.7 billion at the end of 2019, has been listed at...
View MoreThe Kenya National Chamber of Commerce and Industry (KNCCI) and...
View MoreMSE Associations under MSEA will benefit from financial empowerment, advisory services and...
View MoreEquity Supports MSMEs With USD $100 Million Partnership with Proparco (Agence Française de...
View MoreNairobi, Kenya: September 9, 2020 – Dr. James Mwangi, Group Managing Director and CEO of Equity...
View More92 Equity Leadership Program (ELP) Scholars Receive Admission to 43 Global Universities
View MoreEquity Bank (Kenya) Ltd Board has appointed Ambassador Erastus Mwencha, as the Chairman, taking over...
View MoreThe 0763 000 000 number will become the single line of contact from Equity to customers thus...
View MoreThe Kenya Covid-19 Fund Board, in partnership with Equity Group Foundation (EGF) have completed...
View MoreNairobi, 28th July 2020… Equity has scooped three top awards at this year’s Euromoney Awards...
View MoreThe loan, which will ultimately support hundreds of Kenyan businesses in the manufacturing,...
View MoreThe Kenya COVID-19 Fund Board, in partnership with Kenya Association of Manufacturers (KAM)...
View MoreFrontline public healthcare staff dealing with COVID-19 patients will receive training on case...
View MoreEquity Group has triggered a Business Continuity Plan (BCP) to protect its customers, staff and...
View MoreEquity Group Foundation (EGF), with support from the Mastercard Foundation, today announced a...
View MoreAs Equity, we continue to comply and take precautionary measures for our customers and staff...
View MoreNow, more than ever, we invite you to make Banking something you do, not somewhere you go!
View MoreReplicates and scales the successful Wings to Fly scholarship model by targeting 18,000...
View MoreEquity Group has today commissioned the 2020 cohort of Wings to Fly scholars at a ceremony held...
View MoreEquity Bank Triple Win at International Banking Awards.
View MoreFifty six Equity Leaders Program (ELP) scholars have been admitted to various top tier...
View MoreEquity Bank Kenya enters into partnership with AGCO through Local Dealer FMD East Africa.
View MoreEquitel’s Mobile commerce payments continue to drive growth for the operator.
View MoreEquity taps World Bank Expatriate as it gears up for Pan African expansion and accelerated...
View MoreEquity Bank Kenya, a subsidiary of Equity Group Holdings Plc today announced the appointment of...
View MoreEquity Bank Kenya and Toyota Kenya Limited have today signed a partnership agreement that will...
View MoreEquity Group Holdings PLC (NSE: EQTY) and Safaricom PLC (NSE: SCOM) have today announced plans to...
View MoreThis year, Equity Group received nearly 20,000 applications from all counties across the country...
View MoreThirteen Wings to Fly beneficiaries were among the students who scored straight A’s in the...
View MoreChristmas carols have been around for years and set the stage for celebrating the birth of...
View MoreEquity will deploy its banking infrastructure as well as the Equity Group Foundation platform to...
View MoreInvestment groups, chamas and joint account holders can now withdraw cash from their Equity Bank...
View More