dfcu Bank has entered into a new partnership with MANTRAC Uganda, the authorized dealer of Caterpillar machinery, to make it easier for Ugandan businesses to access financing for heavy-duty equipment and power systems.
The deal is aimed at helping companies in construction, agriculture, logistics, mining, and manufacturing acquire new machinery — a move both sides say will help drive Uganda’s economic growth.
Through the partnership, dfcu customers can now purchase a wide range of Caterpillar machines, from excavators and tractors to wheel loaders, motor graders, dump trucks, and power generators. Such equipment is critical to industries fueling the country’s infrastructure and industrial expansion.
Kate K. Kiiza, dfcu’s Executive Director and Chief of Corporate and Institutional Banking, said the collaboration reflects the bank’s broader mission to “transform lives and businesses in Uganda.”
“Our Vehicle and Asset Financing solution has always been about enabling growth,” Kiiza said. “At dfcu Bank, we are committed to powering Uganda’s growth by supporting the sectors that keep our economy moving, ranging from construction and agriculture to logistics and manufacturing.”
She added that the arrangement with MANTRAC “bridges the financing gap that has long limited businesses from acquiring world-class machinery,” emphasizing that the bank’s goal is to help customers “scale operations with modern, efficient, and durable equipment while enjoying affordable and flexible financing options.”
Under the plan, dfcu will finance up to 90 percent of the cost of new machinery, with customers contributing a 10 percent down payment. Loan terms extend up to 60 months, with competitive interest rates and approvals expected within 30 days.
The partnership is open to corporations, SMEs, and individual entrepreneurs across multiple sectors — including mining, logistics, and power generation — giving them the opportunity to expand operations without bearing the heavy upfront cost of equipment acquisition.
In addition to financing, MANTRAC will offer extended warranties of 24 months or 4,000 operating hours, after-sales service, operator training, and tracking devices for asset monitoring. These add-ons, the companies say, are meant to ensure reliability, safety, and long-term value.
The initiative falls under dfcu’s broader Vehicle and Asset Financing program, which already works with several vehicle importers across Uganda. With MANTRAC now part of that network, dfcu says it hopes to make world-class Caterpillar machinery more accessible to the local market — and to the small and medium businesses that keep the country’s economy running.
