Boda Boda Loan

A tailored loan facility designed to help individual riders and organized boda boda groups acquire motorcycles and grow sustainable transport businesses.

Overview

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Target Audience	Individual boda boda riders and registered boda boda groups.
Purpose	Financing the purchase of motorcycles for commercial transport operations.
Loan Period	Flexible repayment period of up to two (2) years.

Loan Requirements

Applicants must meet the following conditions:

• Maintain an active account with EBO Financial Services.
• Save at least forty percent (40%) of the value of the motorcycle.
• The motorcycle logbook must be retained by the SACCO as security.
• Boda boda groups are eligible to apply for this loan facility.

Loan Features & Benefits

Category	Details
Savings Requirement	Applicant must save at least 40% of the motorcycle value
Loan Limits	Loan period of up to two (2) years Maximum loan amount of up to UGX 75,000,000 for boda boda groups
Security & Group Benefits	Motorcycle logbook retained by the SACCO as loan security Group lending option increases access to higher loan amounts