Own the assets that grow your business
Asset Finance Kenya from Aspire Lending helps businesses and self-employed Kenyans acquire vehicles, equipment and machinery today, and pay for them over time from the income those assets earn. Pricing is fixed at 4% per month, with your exact rate confirmed in a personalised offer.
4% per month · Transparent pricing · Fast decisions
About Asset Finance
Asset Finance is a way to acquire a productive asset now and spread the cost across an agreed term, rather than tying up the cash your business needs for everyday operations. At Aspire Lending, it is our Tier-1 flagship: a single, well-structured facility that lets a matatu operator, a contractor, an SME workshop or a growing manufacturer put a working asset to use while it is still being paid for. The idea is simple, the asset earns as you pay, so the financing is matched to the income it generates.
Because different assets behave differently, we have built Asset Finance as an umbrella covering three specialist products. Vehicle Asset Finance is for income-generating vehicles and fleets; Equipment Finance is for business tools and equipment; and Machinery Finance is for manufacturing, processing and construction machinery. This overview page explains how the umbrella works and helps you choose the right door, then routes you to the dedicated page for your asset type.
Everything is built around clarity and fairness. Pricing is fixed at 4% per month, and your exact rate, term and fees are always confirmed in a personalised offer after we assess your application, never guessed at up front. There are no hidden charges, and we use plain English so you always know what you are agreeing to before you sign.
What Asset Finance covers
Asset Finance is a single facility. What changes is the asset behind it — the terms, the security and the assessment follow whatever you are acquiring. All five are priced the same way: a fixed 4% per month over 6 to 36 months.
Commercial vehicles
Lorries, pick-ups, vans, buses and matatus that earn their keep. The vehicle you finance becomes the security, and repayments are set against the income it generates.
Construction equipment
Excavators, concrete mixers, compactors and site plant. Useful when a contract is won and the machine has to be on site before the first certificate is paid.
Agricultural equipment
Tractors, harvesters, irrigation systems, milking and processing equipment. Terms can be shaped around the season the equipment earns in.
Machinery
Production and workshop machinery — printing, milling, packaging, fabrication. Finance the capacity you need rather than waiting for cash to accumulate.
Business equipment
Refrigeration, catering equipment, generators, medical and diagnostic equipment, IT and office fit-out. The everyday equipment a business runs on.
Why businesses choose Asset Finance
One umbrella, three specialists
Instead of forcing every asset into the same template, we route you to a product built for it. A boda rider, a printing press owner and a road contractor all have different cash flows, and Asset Finance recognises that. You get specialist structuring without having to shop around three different lenders.
Pricing you can plan around
Pricing is fixed at 4% per month, and we set out every cost before you commit. There are no hidden charges, and your exact rate and fees are confirmed in a personalised offer after assessment. That means the number you see is the number you plan around.
Repayments matched to the asset
We structure terms around the useful life of the asset and the income it is expected to earn, subject to assessment. A vehicle earning daily and a machine running production shifts can be scheduled differently. The aim is a repayment that your cash flow can carry comfortably.
Built for real Kenyan businesses
Our applicants are matatu and boda operators, SME workshops, contractors, distributors and manufacturers, not just large corporates. We assess the trading reality of your business, not only paperwork. Self-employed and owner-run enterprises are welcome to apply.
A licensed, transparent lender
Aspire Lending is a Central Bank of Kenya-licensed digital lender, so you are dealing with a regulated partner. We keep the process straightforward and the documentation honest. What we tell you at the start is what carries through to your agreement.
Human assessment, digital speed
You apply digitally and deal with people who understand asset finance. We look at your application on its merits, and approved applicants move to disbursement once conditions are met. We avoid promising timelines we cannot control, but we work to keep things moving.
What people use Asset Finance for
- Buying a matatu, boda, tuk-tuk, van or truck to start or expand a transport business
- Growing a delivery, logistics or PSV fleet with additional vehicles
- Purchasing workshop, salon, catering, medical or laboratory equipment
- Acquiring generators, cold-chain units or IT and point-of-sale hardware
- Installing manufacturing, packaging or food-processing machinery
- Buying construction and earthmoving equipment for contracts on hand
- Replacing ageing or unreliable assets that are costing you in downtime
- Equipping a farm with income-generating machinery such as processing or irrigation plant
Asset Finance in action
Wanjiru runs two 14-seater matatus on a busy Nairobi route and wants to add a third to capture peak-hour demand. Rather than wait years to save the full price, she applies for Vehicle Asset Finance and, once approved, puts a deposit down and takes delivery. The new matatu starts earning immediately, and her repayments are scheduled around the daily takings. Her exact rate and term are set out in her personalised offer before she signs.
Otieno owns a small printing and branding shop and keeps turning away large-format jobs because his old machine cannot handle them. He uses Equipment Finance to acquire a wide-format printer, spreading the cost instead of emptying his working capital. The new machine opens up higher-margin contracts, and his repayments come from the extra revenue it earns, subject to the terms confirmed once approved.
Kimani has just won a county road-maintenance contract but does not own an excavator, and hiring one for the full contract would erode his margin. Through Machinery Finance, he acquires the machine and structures repayments around the contract's cash flow, subject to assessment. Owning the asset means he can bid for the next job too, rather than starting from zero. His personalised offer sets out exactly what he will pay.
Making sure Asset Finance fits
A good fit if…
- Registered businesses and self-employed operators buying a specific, identifiable asset
- Transport operators acquiring or expanding an income-generating vehicle or fleet
- SMEs and contractors needing equipment or machinery to take on more or larger work
- Owners who want to preserve working capital rather than pay the full asset cost up front
- Applicants whose expected income from the asset can comfortably support repayments
Consider another option if…
- Businesses needing general day-to-day cash rather than a specific asset
- Buyers who prefer to pay the full price outright and do not need financing
- Applicants without a specific asset in mind, since Asset Finance is tied to the asset being acquired
- Very short-term bridging needs, where a shorter facility may be a better fit
The benefits of financing with Aspire
Preserve your working capital
Asset Finance lets you acquire what you need without draining the cash that runs your business day to day. That reserve stays available for stock, staff, fuel and unexpected costs. You put the asset to work while keeping your operations liquid.
Earn while you pay
Because the asset is productive, it can generate income across the same period you are repaying. This is the core logic of asset finance: the purchase helps pay for itself. Repayments are structured with that earning power in mind, subject to assessment.
Predictable, planned repayments
Your schedule is agreed up front and set out in your personalised offer, so you can budget with confidence. With no hidden charges, there are no surprises later in the term. You always know what is due and when.
Build ownership and equity
Every repayment moves you closer to owning the asset outright. Once the facility is settled, the asset is fully yours to keep, sell or use to win more work. You are investing in your balance sheet, not just renting capacity.
Room to grow
Owning productive assets lets you take on bigger contracts, longer routes or higher-volume orders. As one asset settles, many businesses come back to finance the next. Asset Finance is designed to grow with you.
Access to the right asset now
Waiting to save the full amount can mean missing the contract or season that made the asset worthwhile. Financing lets approved applicants act on opportunity while it is live. Timing, in many businesses, is the difference.
From application to disbursement
Apply and tell us about the asset
Start your application online and tell us what you want to buy, its cost and how it will earn for your business. The more specific the asset details, the smoother the next steps. You can begin with a supplier quotation or proforma invoice.
Assessment and personalised offer
We review your business, your ability to repay and the asset itself, subject to assessment. If it fits, we prepare a personalised offer setting out your exact rate, term, deposit and any fees. There are no hidden charges, so what you see is what you agree to.
Accept and complete conditions
When you are happy with your offer, you accept and we confirm the conditions to be met, such as your deposit and insurance. We will tell you exactly what is required. Nothing proceeds until you have understood and agreed the terms.
Documentation and security
We complete the financing agreement and the security arrangements over the asset. This typically means the asset is registered with our interest noted until the facility is settled. We keep the paperwork clear and explain each document.
Disbursement to the supplier
Once conditions are met, funds are typically released to your supplier or dealer so you can take delivery of the asset. Approved applicants can then put it to work and begin the agreed repayment schedule. Your ownership completes when the facility is fully settled.
Who can apply — and why we ask
- A registered business or verifiable self-employed trade in Kenya. Asset Finance supports income-generating activity, so we need to see a genuine business or trade behind the application. This helps us structure repayments around real cash flow.
- Kenyan identification and, where applicable, business registration. We are a CBK-licensed lender and must verify who we are dealing with. Proper identification protects both you and us.
- A specific, identifiable asset with a supplier quotation. The facility is tied to the asset being acquired, so we need to know exactly what is being financed and at what price. The quotation anchors the amount and the deposit.
- Evidence of income or trading activity. We assess your ability to repay comfortably, subject to assessment, using bank statements, M-Pesa records or accounts. This lets us match the schedule to your earnings.
- A deposit or contribution towards the asset. A contribution reduces the amount financed and shows commitment. The exact percentage is confirmed in your personalised offer after assessment.
- Willingness to insure the asset for the term. Insurance protects the value of the asset that supports the facility, safeguarding both you and Aspire Lending. It means an unexpected loss does not become a financial disaster.
The documents you will need
Identity
- National ID or valid passport of the applicant and any directors
- KRA PIN certificate
- Recent passport-size photograph
- Proof of residential or business address
Business
- Certificate of incorporation or business registration certificate
- CR12 or partnership details where applicable
- Bank statements for the recent trading period
- M-Pesa or mobile-money statements where used
- Recent management accounts or records of trading income
The asset
- Supplier quotation or proforma invoice for the asset
- Asset specification, make, model and, for vehicles, logbook details
- For imported assets, import and duty documentation where relevant
- Insurance quotation or cover note for the asset
How repayment works
Repayment is straightforward and agreed before you sign. You repay in regular instalments across the term set out in your personalised offer, and each instalment is scheduled around the income the asset is expected to earn. Because your exact rate, term and fees are all confirmed after assessment, there are no hidden charges and no surprises later.
We structure the schedule to sit comfortably with your cash flow, whether that means monthly instalments for a workshop or a rhythm matched to a transport operator's takings, subject to assessment. Pricing is fixed at 4% per month, and the precise figures that apply to you are always the ones in your personalised offer. You will know the amount due and the due dates from the outset.
If your circumstances change, talk to us early rather than waiting. Many applicants choose to settle their facility ahead of schedule, and if you wish to do so we will explain how settlement works and what would apply in your case. Our aim is a repayment experience that is clear, fair and manageable from the first instalment to the last.