This is a YouTube video titled "John Deere Africa Middle East | John Deere Financial | Empowering Agriculture in East Africa" featuring James Wabala, the Credit Alliance Manager for East Africa at John Deere Finance. The content is a presentation or informational talk explaining the financing process for purchasing tractors through John Deere's partner banks in Kenya, highlighting their efforts to support agriculture and food security in the region. The video was created in June 2024.
Jambo everyone. My name is James Wabala. I'm the Credit Alliance Manager for East Africa and also I hold responsibility for global trade finance for Africa. So at John Deere Finance we offer tailor -made solutions and our key objective is to facilitate access to finance and also mitigate against the cost of finance by providing subsidy. So currently in Kenya we are working with the equity bank, we are working with HelloTract and Absa and also our traditional partner standard bank or standard bank across Africa. From John Deere Finance this is how the process works. The first place is you visit the dealership, see the machine and once you have settled the tractor model agreed on the cost or the price of the tractor you will refer you to any of our three partner banks. Within three days if all the documents are in place you will get a decision from the bank and from there an offer letter will be sent to you which you need to sign in terms of accepting and take it bank to the bank. The dealer will also get a notification to confirm that your application was approved and he will start the process of preparing your tractor. From a personal side I am very excited about agreeing in the future from a John Deere Finance perspective as we move around to meet customers and see the impact that our tractors have had on the community in terms of food security. We are proud of you being part of a John Deere family. Thank you.