Dfcu bank has entered into a strategic partnership with Mantrac Uganda, the authorised dealer of Caterpillar equipment, to provide affordable financing solutions for the acquisition of brand-new machinery and power systems.
Under the arrangement, dfcu will offer up to 90 per cent financing for the purchase of Caterpillar equipment, including wheel loaders, excavators, motor graders, tractors, articulated dump trucks, mining machinery, warehousing equipment, and power generation systems such as generators and backup power solutions.
According to dfcu officials, loan approval will take no more than 30 days, and customers will only be required to make a 10 per cent down payment. Borrowers will also benefit from repayment periods of up to 60 months and training in equipment operation as part of the financial package.
dfcu’s executive director and chief of corporate and institutional banking, Kate K. Kiiza, said the partnership aims to empower Ugandan enterprises, particularly those in construction, agriculture, logistics, mining, and manufacturing, by enabling them to access world-class equipment that enhances productivity and operational efficiency.
“Our purpose as dfcu is to transform businesses and lives in Uganda through innovative financial solutions. This partnership aligns perfectly with the country’s vision for tenfold growth,” Kiiza said.
She acknowledged that while heavy machinery comes at a high cost, it remains essential for production and economic transformation.
“As a country, we can only achieve tenfold growth if we improve productivity, efficiency, and timeliness. The equipment is here, training will be offered, servicing will be available – all of which will create employment, enhance productivity, and improve execution speed,” Kiiza explained.
She added that the payment terms have been tailored to suit large corporates, small and medium enterprises (SMEs), and individual proprietors across various sectors. Mohammad Ibrahim, managing director of Mantrac Uganda, said Caterpillar’s range of equipment has the potential to transform Uganda’s key economic sectors.
“Our customers need reliable, high-quality equipment with minimal downtime. Through this partnership, those struggling with budget constraints can now access the machinery they need to grow,” he said.
Customers purchasing through this financing arrangement will also enjoy Mantrac’s extended warranty of 24 months or 4,000 operating hours, after-sales service, operator training, and asset tracking devices to ensure reliability, safety, and value for money.
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