I&M Bank Uganda has launched the second season of its Tukikube ne I&M Bank campaign, offering financing for pickup trucks and tractors to help businesses and farmers acquire productive assets while preserving working capital.
I&M Bank Uganda has expanded its asset financing campaign to cover pickup trucks, tractors and other vehicles, targeting businesses and farmers seeking to acquire equipment without exhausting their working capital.
The bank launched the second season of its Tukikube ne I&M Bank campaign on Thursday, October 15, 2026, at Source of the Nile Hotel in Jinja, drawing customers, local leaders and other stakeholders.
Under the campaign, eligible customers can finance a new pickup truck at a monthly payment of Shs4.6 million through a partnership with Victoria Motors, while a new tractor attracts monthly payments of Shs2.3 million through Ndovu Motors.
Speaking at the launch, I&M Bank Uganda chief executive Robin Bairstow said the campaign reflected the bank’s commitment to helping businesses access the assets and financial knowledge they need to grow sustainably.
“Through partnerships with Victoria Motors and Ndovu Motors, eligible customers can finance a brand-new pickup truck at a monthly payment of Shs4.6 million and a brand-new tractor at a monthly payment of Shs2.3 million, respectively,” Bairstow said.
“Businesses succeed when they have access to the right knowledge, the right opportunities and the right financing. At I&M Bank, business growth is viewed through that lens.
“Banking is not only about transactions; it is about enabling investment, expansion and long-term sustainability,” he added.
Bairstow said the bank’s asset financing solutions also cater to schools, healthcare facilities, construction companies, transport operators and businesses investing in sustainable energy.
He said asset financing could help businesses acquire essential equipment while retaining money for day-to-day operations and expansion, challenging the perception that such facilities were reserved for wealthy individuals and companies.
Rather than paying the full cost of an asset upfront, businesses can spread payments over an agreed period while using the asset to support their operations and generate income.
Emmanuel Muyunga, an assistant general manager at Victoria Motors, emphasised the importance of financial literacy in helping customers make informed decisions before committing to asset financing.
He said Victoria Motors would provide maintenance for vehicles acquired under the campaign for two years after purchase.
Muyunga said the campaign had also expanded beyond the Mitsubishi GL pickup trucks that featured prominently in the earlier phase to cover a wider range of Mitsubishi models, including the GL, Pajero Sport, Triton and the newly introduced Destinator.
“All vehicles in this campaign have a service package of 50,000 kilometres,” Muyunga said.
He said more than 25 vehicles, mainly pickups, had been sold during the earlier Tukikube initiative, adding that the company hoped to double sales in the new season by attracting customers interested in a wider range of vehicles.
Muyunga also said commercial trucks, including Rhino trucks, were available through the programme for customers seeking vehicles for business and agricultural-related activities.
Mikkah Okello, an official from Ndovu Motors, urged families and business owners to plan for succession and adopt long-term approaches to managing their enterprises.
He said continuity in business leadership was important for sustaining economic growth and encouraged farmers to embrace modern technology and farming methods to improve productivity.
The expanded campaign seeks to enable businesses and farmers to invest in productive assets that can support operations, improve efficiency and create opportunities for growth.