In a bold move aimed at widening access to affordable vehicle ownership, Faulu Microfinance Bank, in collaboration with a Nairobi-based firm, has listed 45 vehicles for public sale — with prices starting as low as KSh 131,000 and climbing into the millions, depending on the make and model.https://www.facebook.com/100067867727102/posts/pfbid0zT6BT8KNCqSPR56zEag6MqzPB8tmrGb5ueoS4SCF3KxxN9C4z2aj1bkjiPWhwGp5l/?app=fbl
The initiative, which was made public through official listings, includes a diverse range of vehicles from compact sedans to luxury SUVs, pickups, and commercial vans. Among the models available are units priced at KSh 131,000, KSh 500,000, and KSh 600,000, appealing to both budget-conscious buyers and high-end consumers.
According to a statement shared by Faulu Microfinance Bank, each vehicle comes with a reserve price and clearly indicated registration number, ensuring transparency in the bidding and purchase process. The move is part of the bank’s strategy to dispose of financed or repossessed vehicles through open sales, while also supporting customers and businesses looking for cost-effective transport solutions.
Industry observers say such listings offer a rare opportunity for Kenyans to access well-maintained vehicles at below-market prices. Some of the vehicles are nearly new, while others are used but reportedly in good condition.
Prospective buyers are encouraged to inspect the vehicles physically at designated yards in Nairobi before placing offers. The vehicles are being sold on an “as-is, where-is” basis — meaning buyers assume full responsibility post-purchase.
This development reflects a growing trend in the Kenyan market, where financial institutions are increasingly turning to asset disposal as a way to recover loans and offer competitive value to the public.
The sale is ongoing, and interested parties have been urged to act fast before the stock is cleared.
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