Nairobi Transport Fleet Leasing Success

Challenge

Savannah Transit Ltd needed to expand from 12 to 30 matatus but lacked KES 54 million for outright purchase. Bank loans had 18-22% rates and required property collateral.

Solution

An operating lease secured 18 buses with 10% deposit and KES 120,000 monthly payments over 5 years including maintenance and insurance.

Results

Revenue increased 156% within 12 months from KES 3.6M to KES 9.2M. Now serves 8 routes with 94% fleet utilisation, well above the 70% industry average.