Equity Bank Tractor Financing Opens New Agricultural Mechanisation Opportunities for Kenyan Farmers
Equity Bank tractor financing will fund up to 90% of Kubota tractors, giving Kenyan farmers access to agricultural mechanisation through flexible payments.
Equity Bank and Car & General Trading Kenya have partnered to expand farmers’ access to agricultural mechanisation, in a move aimed at improving productivity, enabling farmers to cultivate more land and potentially increase their earnings.
The partnership comes as farmers face rising labour and input costs and pressure to produce more efficiently, while access to agricultural machinery remains limited.
Under the agreement, Equity Bank will finance up to 90 per cent of the cost of Kubota tractors, with farmers required to provide a 10 per cent deposit. Repayments will be structured around farming cycles, including monthly and seasonal payments.
Kagiso Moloi, commercial director at Equity Bank Kenya, said the partnership was part of a broader effort to strengthen the agricultural ecosystem rather than simply increase the number of tractors sold.
“Our intention is not to measure the units, but necessarily to measure how we transform the lives of the people around us. We don’t only look at the tractors alone. We look at how we can unlock that whole ecosystem and ensure that it’s not painful for the farmer,” Moloi said.
George Rubiri, general manager of Car & General Trading Kenya, said the partnership seeks to address the country’s low level of agricultural mechanisation, which he put at about 30 per cent.
“Agri-mechanisation in Kenya is only 30 per cent and we come in to bridge this gap,” Rubiri said.
He said the partnership would combine access to machinery with financing, allowing farmers to acquire equipment without having to raise the full cost upfront.
For Narok farmer and agricultural teacher Cecilia Moshiri, the benefits of mechanisation are already evident on her farm.
Moshiri bought a Kubota tractor two years ago and has used it to cultivate previously untouched land, transport farm inputs and produce, and provide ploughing services to neighbouring farmers.
“I had virgin land which was not broken before. Because of its robust energy, it has worked through a very rough, rugged land and nowadays the land is very fine,” she said.
The tractor has also provided Moshiri with an additional source of income as she offers ploughing services to other farmers.
“I’m able to do a lot of ploughing for people and I’m able to get some income and therefore it is improving my life,” she said.
Moshiri said mechanisation had also contributed to her farm’s performance despite a difficult harvest season in Narok.
“There was not much harvest in Narok this year, but I think I was almost one of the farmers who produced most,” she said.
Beatrice Nyambura, head of asset finance at Equity Bank Kenya, said the financing terms had been designed to reflect the seasonal nature of agricultural income.
“The farmer will only need to raise a deposit of 10 per cent. We acknowledge the seasonality of farming, meaning that the farmer can pay depending on their crop, either monthly or we can also do it in a season,” Nyambura said.
She added that the package includes first-year insurance and a two-year extended warranty, while subsequent insurance premiums have been negotiated at up to 1.5 per cent.
Moses ole Koila, a farmer and seed merchant from Olokurto, Narok County, said mechanisation could improve efficiency in labour-intensive farming, particularly potato production.
“There’s nothing that beats a farmer with all farm implements. It gives efficiency in terms of work,” Koila said.
He said machinery had improved efficiency across the production cycle, from planting and harvesting to transporting seed potatoes for grading.
George Macharia, head of food and agriculture business at Equity Bank Kenya, said the partnership fits into the bank’s wider ambition to increase financing for agriculture.
The bank is targeting agriculture to account for 30 per cent of its loan book by 2030, he said, with mechanisation among the interventions expected to improve farm efficiency.
“The goal is that by 2030, agriculture will be contributing 30 per cent of the entire Equity Bank’s loan book,” Macharia said.
He said the machinery and accompanying implements could also support climate-smart farming through practices such as minimum and zero tillage and crop spraying.
Macharia added that greater mechanisation could create opportunities for young people trained in agriculture to earn a living by providing mechanisation services to farmers.
“When they acquire tractors and the implements that are coming together with the tractors, they can have self-employed jobs by offering services to the farming communities,” he said.
https://farmerstrend.co.ke/trending/equity-bank-tractor-financing/https://farmerstrend.co.ke/wp-content/uploads/2026/08/1121-1024x650.jpghttps://farmerstrend.co.ke/wp-content/uploads/2026/08/1121-150x150.jpg# Trendingagricultural equipment financing,agricultural finance Kenya,agricultural loans Kenya,agricultural mechanisation in Kenya,Car and General Kenya,Equity Bank tractor financing,farm machinery financing,farm mechanisation,farming equipment Kenya,Kubota tractors Kenya,mechanised farming Kenya,smallholder farmers Kenya,tractor financing Kenya,tractor loan,tractor loans KenyaEquity Bank tractor financing will fund up to 90% of Kubota tractors, giving Kenyan farmers access to agricultural mechanisation through flexible payments.Equity Bank and Car & General Trading Kenya have partnered to expand farmers’ access to agricultural mechanisation, in a move aimed at improving productivity, enabling farmers to cultivate...FarmersTrendjohn doefarmerstrend@gmail.comAdministratorFarmers Trend Ltd.
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