Aspira Kenya has launched a Kes3 million asset finance program for Small and Medium Enterprises(SMEs).

The Buy now, pay later company, Aspira Bizna facility will finance businesses for a maximum of twenty-four months at a two-percent monthly interest charge.

The funds will allow SMEs to purchase equipment such as desks, computers, tools, and machinery to drive productivity and expansion.

Cim Financial Services Group CEO Mark van Beuningen noted that Aspira has been an ardent supporter of Kenyans, enabling access to funding for them to thrive.

 I am pleased to witness another milestone with the emergence of the SME Bizna financing offering in Kenya. It is well poised and will be opening up new avenues to equip this underserved market with the necessary tools SMEs need to prosper in an innovative environment,” he added.

Further, Aspira says it will facilitate real-time access to funding through prompt 48-hour decisions across a 200+ partner network to serve the qualifying customers.

“Shouldering the SME sector is vital to safeguarding the current and future economic health of the Kenyan economy. In order to ensure a robust business environment for SMEs, we must unlock their access to funding,” he said.

Aspira Kenya is a wholly owned subsidiary of Mauritius-based Cim Financial Services Group.

In Kenya, 80 per cent of employment stems from SMEs. As a result, this sector is establishing a new middle class and stimulating the demand for prospective goods and services.