Jamii Bora Leasing Limited (JBLL) is a wholly owned subsidiary of Jamii Bora Bank Limited. The company was incorporated in 2015 to undertake direct operating lease business.
Products and Solutions
An operating lease is a contract that allows a lessee to use an asset over a specific period of time in return for periodic payments based on partial payout of the capital cost of the asset. It does not convey the right of ownership of the asset. The product is currently available for Small and Medium Size Enterprises (SME’s), Corporates and Institutions. The product is target and movable or immovable assets excluding land or buildings. The facility is subject to a successful credit risk review process and the rentals to be charged will be competitive based on the nature of assets to be leased.