Get in touch

icon_widget_image Monday-Saturday: 8:30am to 5:00pm icon_widget_image Plot 3, Raja Chambers / Parliamentary Avenue, Kampala - Uganda icon_widget_image + (256) 414-251251 + (256) 777 714069 icon_widget_image

Boda Loans

For purchase of new boda.

Target group: Boda Riders attached to stages.
Facility type: Short term loan.


Please fill the form and we shall get back to you in less than 24 hours. Thank you.

    Limit. Max 90% of the cost of the Boda within our single borrower exposure limit.

    Tenor. Max 24 months.

    Disbursement. By way of credit/remittance to the account of the Dealer.

    Repayment. Weekly Instalments.

    Primary security. Caveat on the Boda to be noted.

    Collateral Security. As suggested by the appraising officer.

    Documents Required:

    • National ID/ Passport.
    • Driving Permit.
    • 2 Recent Passport size photographs.
    • Copy of Invoice.
    • Details of Down payment/subsequent payments if any.
    • ID from Boda Boda Association/Stage Card.
    • Two Guarantors (One another Boda Rider and other from Family).
    • Demand Promissory Note.
    • Loan Agreement.
    • Letter of Guarantee.

    Processing fee. UGX 50,000.

    Late Payment. A penalty of UGX 5,000 of defaulted amount per month or its part.

    Tracking Device. GPS enabled tracking device to fitted to the Boda.

    Insurance. Comprehensive Insurance to be done.