Faulu Bank to Provide Loans to TukTuk Operators in New Deal

Faulu Bank and Tuk Tuk Operators Network have entered into partnership to offer loans for three-wheeler vehicles. 

Individuals and members of the Tuk Tuk Operators Network will have access to financing options for entrepreneurship in the transportation sector.

Justus Kittony, Head of Business Growth & Bancassurance at Faulu Bank said the partnership promotes economic empowerment and financial inclusion within communities.

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“We are thrilled to partner with the Tuk Tuk Operators Network to extend loans for three-wheeler vehicles. This collaboration reflects our commitment to providing inclusive financial solutions and empowering individuals to achieve their entrepreneurial aspirations. By working together, we can unlock new opportunities for economic growth and prosperity,” said Kittony.

According to Vincent Were, Lead of the Tuk Tuk Operators Network said the deal will help their members to overcome financial challenges and empower them to thrive in the transportation industry.

“The partnership with Faulu Bank represents a significant milestone for the Tuk Tuk Association and our members. Access to financing has been a longstanding challenge for aspiring tuk tuk operators and the network,” said Were, Lead of the Tuk Tuk Operators Network.

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Collins Ogutu

Nairobi based Digital Journalist, Corporate Communication Expert and Digital Marketer with a wealth of experience in multimedia. Accredited member of the Media Council of Kenya.

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