May 22, 2024

Peach Cars Partners With UMB To Ink Car Financing Deal

Peach Cars and Umba Microfinance Bank Partners to offer 24-hour Car Financing, Making Car Ownership Accessible to More People
From L To R: - Martin Mugo, Branch Manager at Peach Cars shakes hands with Alvan Gesaka, Senior Credit Officer at Umba Microfinance Bank. Umba Microfinance Bank and Peach Cars have partnered to offer customers 24hr financing for locally used cars

Peach Cars, a prominent player in the Kenyan used car market, has joined forces with Umba Microfinance Bank (UMB) to introduce a groundbreaking 24-hour car financing option for its clients.

Industry sources added that this partnership displays a significant stride towards making car ownership more accessible and convenient, aligning with Peach Cars’ vision of revolutionizing the car-buying experience.

Industry sources further added that this partnership between Peach Cars and Umba Microfinance Bank focuses on boosting car buyers by offering swift and hassle-free access to financing solutions. Through Umba Microfinance Bank, customers can now secure financing of up to 70% of the vehicle’s value, with processing times as rapid as 24 hours. It also eliminates the conventional barriers associated with obtaining car financing, enabling buyers to drive away with their desired vehicle without unnecessary delays.

The simplified process of obtaining financing through Peach Cars and Umba Microfinance Bank is designed to be straightforward and client-friendly: –

  1. Browse and Select: Clients can explore the extensive range of quality-tested, used cars available on the Peach Cars website, selecting the vehicle that best suits their preferences and needs.
  2. Document Submission: Upon choosing a car, clients have to submit their identification and other relevant documents through the Peach Cars platform. These details are securely transmitted to Umba for swift processing.
  3. Fast Approval: Umba Microfinance Bank expedites the financing application process, focused on providing approval within 24 hours. This rapid turnaround ensures that buyers can proceed with their purchase without undue delays.
  4. Drive Away Hassle-Free: Upon approval, customers can confidently drive away in their newly acquired vehicle, knowing that the financing process has been seamlessly facilitated by Peach Cars and Umba Microfinance Bank.
From L To R – Zach Petroni, Co-founder and COO of Peach Cars, And Tiernan Kennedy, CEO of Umba Microfinance Bank

Zach Petroni, Co-founder and COO of Peach Cars stated “We are excited to announce our partnership with Umba. It perfectly aligns with our commitment to empower buyers and sellers in the Kenyan used car market. Through accessible and reliable car financing options, we are empowering our customers with more options to realize their dream of owning a car with confidence.”

Tiernan Kennedy, CEO of Umba Microfinance Bank, echoed Petroni’s sentiments, stating, “Our partnership with Peach Cars underscores our dedication to providing fast and dependable financing solutions tailored to our customers’ needs. Whether it’s owning a car or saving for the future, our objective is to empower Kenyans to achieve their financial goals swiftly and confidently.”




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