dfcu Bank partners with MANTRAC Uganda to fuel business growth with affordable machinery financing

dfcu Bank has announced a significant strategic partnership with MANTRAC Uganda, the authorized dealer of Caterpillar equipment, aimed at providing Ugandan businesses with accessible, flexible, and comprehensive financing solutions for brand-new machinery and power systems.

This collaboration is poised to empower enterprises across key sectors, including construction, agriculture, logistics, mining, and manufacturing, enabling them to acquire world-class equipment and significantly enhance their operational capabilities.

Through this alliance, dfcu Bank customers will gain access to MANTRAC’s extensive portfolio of high-quality Caterpillar machinery. This includes essential assets such as wheel loaders, excavators, motor graders, tractors, articulated dump trucks, specialized mining equipment, warehousing machinery, and robust power generation systems – all critical components for industries driving Uganda’s economic development and infrastructure expansion.

Kate K. Kiiza, dfcu Executive Director and Chief of Corporate and Institutional Banking, emphasized that the partnership is a direct embodiment of dfcu Bank’s commitment to “Transforming lives and businesses in Uganda.”

She stated, “Our Vehicle and Asset Financing solution has always been about enabling growth. At dfcu Bank, we are committed to powering Uganda’s growth by supporting the sectors that keep our economy moving, ranging from construction and agriculture to logistics and manufacturing.

Through this partnership with MANTRAC Uganda, we are bridging the financing gap that has long limited businesses from acquiring world-class machinery. Our goal is to empower customers to scale operations with modern, efficient, and durable equipment while enjoying affordable and flexible financing options.”

The new financing initiative offers dfcu Bank customers a remarkable opportunity with up to 90% financing for the purchase of new machinery, requiring only a modest 10% down payment.

Furthermore, businesses can benefit from extended repayment periods of up to 60 months, coupled with competitive interest rates and a streamlined loan approval process that aims for a swift turnaround of 0 to 30 days.

These tailored terms are designed to cater to the financial needs of both large corporations and Small and Medium Enterprises (SMEs) across diverse industries.

This collaborative effort extends to companies, sole proprietors, and organizations operating within sectors such as construction, manufacturing, agriculture, mining, logistics, and power generation.

By easing the financial burden of upfront asset acquisition, the partnership will enable these entities to efficiently scale their operations and boost productivity.

Beyond the attractive financing terms, customers who acquire equipment through this arrangement will also benefit from MANTRAC’s comprehensive support package.

This includes an extended warranty of 24 months or 4,000 hours, access to crucial after-sales service, operator training programs, and integrated tracking devices for enhanced asset monitoring. This commitment ensures long-term reliability, operational safety, and maximum value for money.

This new offering is an integral part of dfcu Bank’s established Vehicle and Asset Financing (VAF) product, which already collaborates with various vehicle importers across Uganda.

Customers can now explore and access MANTRAC’s full range of Caterpillar equipment, including:

Construction Machinery: A broad selection of wheel loaders, excavators, motor graders, articulated dump trucks, and tractors designed for diverse construction needs.

Mining Equipment: Robust machinery built for durability and peak productivity in challenging mining environments.

Power Systems: Reliable generators and backup power solutions guaranteeing uninterrupted power for commercial, industrial, and institutional applications.

Warehousing and Material Handling Equipment: Solutions to optimize efficiency within logistics and storage operations.

This partnership signifies a pivotal step towards bolstering Uganda’s industrial and infrastructural development, empowering businesses with the tools they need to thrive and contribute to the nation’s economic progress.