Crown Paints Partners with I&M Bank to Provide Stock Financing for Dealers and Customers

Marking the start of Customer Service week, Crown Paints PLC Kenya entered a strategic partnership with I&M Bank, in a move that will see authorized paint dealers and customers access quick and convenient working capital when they place orders exclusively from Crown Paints.

Under the stock financing solution, I&M Bank will provide an unsecured loan of up to KES. 10 million to existing Crown Paints dealers who will be required to repay it within 60 days. Cash customers will be eligible for a loan of up to KES. 500,000 to be repaid within 60 days while Crown Your Space customers and Team Kubwa Sacco members will receive loans ranging from KES. 150,000 to KES. 500,000 to be repaid within 12 to 24 months. Customers who wish to access these facilities will conduct the process through a code USSD *458#.

Crown Paints Kenya PLC and I&M Bank seek to use this partnership to unlock the potential of customers within the painting ecosystem to be able to serve clients seamlessly as the world commemorates Customer Service Week which starts on 03rd October until 07th October 2022.

ABOUT CROWN PAINTS: Crown Paints Kenya PLC was established in 1958 and is the number one paint manufacturing company in Kenya. As the Kenyan decorative brand leader since 1986, Crown Paints has built a strong distribution network. Quality has been the key to the company’s consistent performance and growth, supported by its close to 700 loyal staff, as well as distribution dealers, some of whom have had 40 years trading or more as key distributors.

FAIR USE POLICY
This material (including media content) may not be published, broadcasted, rewritten, or redistributed. However, linking directly to the page (including the source, i.e. Marcopolis.net) is permitted and encouraged.