By Ambrose Ogwang
Kmpala, Uganda | dfcu Bank has announced a strategic partnership with MANTRAC Uganda, the official Caterpillar equipment dealer, aimed at providing businesses with affordable and flexible financing for high-performance machinery and power systems.
The collaboration targets Small and Medium Enterprises (SMEs), contractors, and large corporates operating in construction, agriculture, mining, logistics, and manufacturing, offering them a pathway to acquire world-class equipment and expand operational capacity.
Through the partnership, dfcu Bank customers will have access to MANTRAC’s full range of Caterpillar machinery, including wheel loaders, excavators, motor graders, tractors, articulated dump trucks, mining machinery, warehousing equipment, and power generation systems.
These assets are crucial for Uganda’s infrastructure development, industrial growth, and economic expansion.
dfcu Bank will provide up to 90% financing for the purchase of new machinery, requiring customers to contribute a 10% down payment.
The bank will also offer repayment periods of up to 60 months, competitive interest rates, and a fast loan approval process within 0 to 30 days.
The financing structure is designed to support both large enterprises and SMEs, enabling them to scale operations efficiently without the heavy upfront costs typically associated with acquiring heavy machinery.
Beyond financing, customers purchasing equipment through the partnership will benefit from MANTRAC Uganda’s extended warranty of 24 months or 4,000 hours, after-sales service, operator training, and tracking devices for asset monitoring.
These services are aimed at ensuring safety, reliability, and optimal performance, enabling businesses to maximise the return on their investments.
Speaking about the partnership, Kate K. Kiiza, Executive Director and Chief of Corporate and Institutional Banking at dfcu Bank, said the collaboration aligns with the bank’s mission to “transform lives and businesses in Uganda” by providing innovative financing solutions.
She emphasised that the partnership would bridge a longstanding gap in access to modern machinery and support sectors that drive Uganda’s economic development.
The partnership is expected to enhance productivity in key sectors and promote economic development by lowering barriers to asset acquisition.
Companies involved in construction, mining, manufacturing, agriculture, and logistics will be able to expand operations, increase efficiency, and contribute to job creation and national infrastructure development.
Customers can access a wide variety of Caterpillar machinery and power systems through MANTRAC Uganda, including:
● Construction machinery: wheel loaders, excavators, motor graders, articulated dump trucks, tractors
● Mining equipment: durable machines designed for challenging environments
● Power systems: generators and backup solutions for commercial, industrial, and institutional use
● Warehousing solutions: material handling and storage equipment to improve logistics efficiency
This partnership forms part of dfcu Bank’s Vehicle and Asset Financing (VAF) product, which aims to enable businesses to acquire productive assets with minimal upfront costs.