Product Overview
The Boda Boda Loan is designed for eligible members who operate or intend to operate motorcycle taxis. This product can assist with acquiring a motorcycle or meeting maintenance costs. Boda boda transport plays an important role in the local economy. Contact us to confirm eligibility and current terms.
Intended Purpose
- Acquisition of a motorcycle for boda boda operations
- Repair and maintenance of an existing motorcycle
- Meeting operational costs for boda boda transport
Eligibility Requirements
Eligibility criteria must be confirmed with Mubuga SACCO staff. The information below is indicative only.
- Active SACCO membership in good standing
- Engagement in or intention to engage in boda boda operations
- Ability to provide required security or guarantor
- Valid riding licence where applicable
- Other criteria as confirmed by management
Typical Documents Required
Exact documentation requirements must be confirmed with SACCO staff before applying.
- Valid national identification document
- Proof of SACCO membership
- Completed loan application form
- Riding licence or relevant permit where required
- Security or guarantor documentation
Interest Rate & Repayment Terms
All loans: 1.8% per month on reducing balance.
Contact the office directly to confirm your specific repayment schedule, loan limit and any applicable fees before applying.
Frequently Asked Questions
Can I apply if I do not yet own a motorcycle?
Contact our office to discuss your circumstances. Eligibility depends on criteria set by management.
Does the SACCO require the motorcycle as security?
Security requirements must be confirmed with SACCO staff before applying.