Boda Boda Loan
The boda boda industry is one of the fastest-growing in Uganda, providing livelihoods to thousands of people. Our boda boda loans are designed to help individuals purchase motorbikes or service existing ones to improve their income-earning potential.
Who Can Apply?
Individuals seeking to buy or lease a new boda boda for commercial use.
Existing boda boda riders who need funds for maintenance or upgrading
- Features
- Eligibility Criteria
- Benefits
- Loan Amount: As low as 100,000
- Loan Tenure: Weekly, Monthly or Annually
- Interest Rate: Competitive and negotiable
- Repayment Plan: Daily, weekly, or monthly payments depending on income
- Proof of boda boda rider association membership (where applicable)
- National ID and proof of regular income from boda boda operations
- Guarantor or proof of residence
- Access to affordable financing for a new motorbike
- Flexible repayment terms that match the rider's daily income
- Support for boda boda maintenance and repairs to keep riders on the road
- Option for group financing through boda boda associations
