Online logistics platform, Sendy, and Crediation, a fintech firm based in Nairobi, have entered into a financing agreement that will enable riders on the platform to acquire Yamaha motorcycles from Toyota Kenya through flexible installment payments.
Crediation has fully financed the motorcycles, allowing successful riders to acquire the Yamaha Crux bikes from Toyota Kenya without a deposit. The riders will be required to make monthly repayments for the motorcycles over a period of 12 months.
On its part, Toyota Kenya will provide after sales support to the Sendy Partners, including two free service appointments and free rider training at the Yamaha Rider Academy.
Speaking at a ceremony to handover motorcycles to 15 Sendy Partners, Toyota Kenya Managing Director Arvinder Reel thanked Sendy and Crediation for choosing to work with Toyota Kenya as the automotive partner and in particular, selecting Yamaha Crux as the motorcycle of choice.
“The locally manufactured Yamaha Crux, with a 110cc engine, is one of the most efficient motorcycles in the market, offering up to 70km per litre. The Crux features a whole new level of suspension and comfort that enhances its ground clearance, enabling riders to operate in almost all terrain.”
With the partnership geared towards providing an empowerment opportunity, Mr. Chris Nyaga, Sendy Transport Country Manager said that the commitment by Yamaha, Toyota Kenya and Sendy goes beyond the buyer and seller. “As Sendy, we are happy and committed to continuously provide solutions that enable our partner drivers to do more and grow financially; we are looking to more such partnerships in the future.” ”
He added that the one in a kind partnership will not only empower the riders to support their families , but will also enhance rider’s safety on the roads as they conduct their operations in a legal manner.