Emirates Money offers finance for temp control vehicles

Dubai, United Arab Emirates: Emirates Money, a consumer finance company and wholly owned subsidiary of Emirates NBD Group, has launched a commercial vehicle financing packaged for fruit and vegetable traders in the Al Aweer area in Dubai. Dubai is a regional hub importing and exporting perishable goods.

Emirates Money leads the initiative in conjunction with vehicle supplier, Refrigerated Transport Systems. “Our strategy has always been to develop new products that target the needs of customers in specific segments,” said Vikas Thapar, general manager, Emirates Money.

“One of the major challenges faced by those in the perishable goods business is safe transportation of goods, due to prevailing high temperatures in the region. We therefore saw the potential to provide vehicle financing and ongoing support to fruit and vegetable traders in The Central Fruit and Vegetable Market in Al Aweer, many of who are self-employed or SMEs,” he says.

Emirates Money and Refrigerated Transport Systems are jointly displaying in Al Aweer, Dubai’s main fruit and vegetable market, temperature controlled goods vehicles with different sizes of refrigerated boxes installed.

The display, open to the public, is at The Central Fruit and Vegetable Market in Al Aweer from 1 to 7 May between 09.00 and 20.00hrs

“As a pioneer in financing commercial and business vehicles for companies managing fleet, passenger transport, trading, construction and more, Emirates Money has strong credentials in providing commercial vehicle loans,” continued Thapar.

“In 2010, we demonstrated significant growth, including in the area of vehicle loans and this new initiative is aligned to our overall objective to steadfastly continue on this growth path.”


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