I&M BANK, HANSPAUL LAUNCH STRATEGIC PARTNERSHIP TO BOOST VEHICLE ASSET FINANCING

I&M Bank Tanzania has entered into a strategic partnership with Hanspaul, a move set to expand and strengthen vehicle asset financing solutions for customers across the country. The agreement, signed last week in Arusha, underscores the two institutions’ shared commitment to making asset ownership more accessible, affordable, and sustainable.

Under this partnership, customers will benefit from financing of up to 90%, longer repayment periods, and competitive insurance options, easing the process of acquiring essential assets for both personal and business needs.

Speaking during the signing ceremony, Yusuf Mdoe, Head of SME and Distribution at I&M Bank Tanzania, emphasized the bank’s dedication to providing a seamless, end-to-end asset ownership experience. He noted that the partnership aligns with the bank’s broader mission of supporting business growth and empowering customers with flexible financial solutions.

On his part, Erick Akyoo, Arusha Branch Manager, highlighted the significance of the collaboration to the tourism sector—one of the region’s major economic pillars. He affirmed that improved access to asset financing will help businesses in the sector expand, modernize, and better serve both local and international clients.

With this partnership, I&M Bank and Hanspaul are positioning themselves as key enablers of growth, offering tailor-made solutions that promote efficiency and long-term sustainability for individuals and enterprises alike.