dfcu Bank has unveiled a new strategic partnership with Mantrac Uganda, the authorized dealer for Caterpillar equipment, aimed at offering affordable and flexible financing solutions for Ugandan businesses seeking to acquire brand-new machinery and power systems.
The collaboration is designed to empower enterprises across key sectors such as construction, agriculture, logistics, mining, and manufacturing, providing them with access to high-performance machinery that can boost productivity and accelerate business growth.
Through this partnership, dfcu Bank customers will enjoy access to Mantrac’s wide range of Caterpillar equipment — including excavators, wheel loaders, tractors, motor graders, articulated dump trucks, power generators, and warehousing machinery — all essential tools for industries driving Uganda’s economic expansion.
Speaking during the announcement, Kate K. Kiiza, dfcu Bank’s Executive Director and Chief of Corporate & Institutional Banking, said the partnership is indicative of the bank’s commitment to empowering local businesses through tailored financing solutions.
“Our Vehicle and Asset Financing solution has always been about enabling growth,” Kiiza said. “Through this partnership with Mantrac Uganda, we are bridging the financing gap that has long limited businesses from acquiring world-class machinery.
Our goal is to help customers scale operations with modern, efficient, and durable equipment while enjoying affordable and flexible financing options.”
Under the arrangement, dfcu Bank will finance up to 90% of the total cost of new machinery, requiring only a 10% down payment from customers. Businesses will also benefit from repayment periods of up to 60 months, competitive interest rates, and a loan approval process within 30 days.
The initiative caters to companies, sole proprietors, and organizations in various industries, enabling them to scale efficiently without heavy upfront capital investment.
Customers purchasing equipment through this program will also receive Mantrac’s extended warranty of up to 24 months or 4,000 operational hours, along with after-sales service, operator training, and asset tracking systems for enhanced safety and performance monitoring.
This collaboration forms part of dfcu Bank’s broader Vehicle and Asset Financing (VAF) offering, through which the bank partners with leading automotive and equipment dealers to help Ugandan businesses access essential assets for growth.