Mantrac Woos Consumers With Low-Cost Generators

Mantrac Nigeria, the authorised Caterpillar dealer in Nigeria, has commenced a power campaign to assist the Small and Medium Enterprises to remain in business.
The firm said the initiative was offering its customers, especially the SMEs an opportunity for easy and convenient acquisition of CAT generators through the Caterpillar finance scheme.
According to a statement from the company, the offer comes with free first service, delivery within Lagos, 20 per cent down payment and balance spread over a period of 24 months.
The product, coming with a discount, was being offered for as low as N78,000 per month, it stated.
The Managing Director, Mantrac, Mr. Edmund Martin-Lawson, said that Nigeria was one of the fastest growing markets in the world but noted that it was important for every business to have a power supply backup.
He said, “The need for constant power supply for large, small and medium scale businesses as well as home consumption is on the increase.
“The result is that there is a growing competition from players in the industry; the competition is stiff across all segments of the market from the little power generating sets popularly referred to in the local parlance as ‘I better-pass-my-neighbour’ to the very industrial sets suitable for the IPPs.
“To this end, Mantrac is offering the opportunity for easy and convenient acquisition of CAT generators through the Caterpillar financial scheme. CATFIN, officially launched in 2013 in Nigeria, in collaboration with Stanbic IBTC, is a financing solution that assists customers to acquire Caterpillar products.”
The General Manager, Power Systems, Ibrahim El Bassiouny, said Mantrac Nigeria is looking to assist businesses in general to keep their services running so that they in turn can satisfy their customers.
He said, “We are reaching out to restaurants, hotel owners, schools/education institutions, even places of worship as they also need electricity supply.
“The offer is in collaboration with Stanbic IBTC Bank so that customers can stretch payment systems in a way that would be convenient for them, financially, to own a generator. The integrated purchasing solutions are backed by the CAT financial, which is tailored to meet various needs, with low interest rates.”

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