GE Capital’s Retail Finance business, a consumer lending unit of General Electric Company, has announced an agreement with Kioti Tractor to provide installment lending to customers at Kioti’s 250 independent retailers across the country.
Under the multi-year agreement, Kioti dealers will be able to offer an installment lending plan to their customers for equipment purchases, even non-agriculture related purchases. Kioti makes a wide variety of compact tractors, utility terrain vehicles, attachments, implements and accessories. A division of Daedong Industrial Company of South Korea, Kioti Tractors recently celebrated 25 years in the U.S. market.
“Our products have developed a very loyal following in the United States and around the world,” said Yung Ki Park, CFO of Daedong-USA. “Associating our brand with GE Capital will make it easier to expand our sales by providing a valuable financing service through our retail partners.”
For more information about Kioti and Daedong-USA, visit the company’s website at www.kioti.com. More information about GE Capital’s Retail Finance business can be found at www.gogecapital.com.