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Crown Paints inks customer financing deal with I&M Bank

CROWND

I&M Bank CEO Kihara Maina (left), with Crown Paints boss Dr Rakesh Rao (centre) and head of sales Bhavesh Gandhi during the partnership agreement signing between the manufacturer and the lender. PHOTO | DIANA NGILA | NMG

By  Lynet Igadwah

Correspondent

Nation Media Group

Crown Paints and I&M Bank have inked a deal that will see the lender provide unsecured lending for the paint maker’s dealers for orders of up to Sh10 million.

The listed manufacturer and the tier-one bank said the deal that is targeting small and medium enterprises will provide the dealers with working capital and the facilities will be repaid after 60 days.

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