Nairobi, March 13 -- Co-operative Bank of Kenya has relaxed the terms of asset financing deal with Isuzu East Africa by extending the repayment period by a year and allowing customers up to Sh2 million working capital loans.

The lender and Isuzu Wednesday announced the improved deal which now takes the partnership to over 11 years since the two entities struck the first deal in 2013.

The new asset finance scheme will now cover schools and businesses that desire to own buses and commercial vehicles. Schools will enjoy 100 percent financing, while businesses will access 95 percent financing from Co-op.

Under the new deal, the repayment period has been extended from 60 months to 72 months, allowing a breather to businesses grappling with ...