• QUICK CONTACTS
    info@wazalendo.co.ug
    +256414668650
  • BUSINESS HOURS
    Mon - Fri: 8am - 5pm
    Sat (Cash Branches): 9am - 3pm
    Sun: Closed
  • BODA-BODA ASSET LOAN

    BODA-BODA ASSET LOAN
    This is a loan product designed to cater for members who want to start a Boda-Boda business to supplement their income. It is accessed using any other existing loan which is used to pay the cost of the motorcycle supplied by Simba Auto Motives at a reduced cost.

    Product features and benefits

    • A member acquires a loan with the purpose of starting a Boda-Boda Business.
    • The list motorcycle is acquired at UGX 3.6 million
    • The amount is paid either by loan processing or deposits on accounts.
    • Income from the Boda-Boda business is deposited on Business Savings Account.
    • Deposits accumulated on Business Savings Account can be used to acquire additional motorcycles.
    • The accumulated deposits can be used as collateral to secure bigger loans for other investments and or expansion of Boda-boda business.

    Loan Granting Procedures

    Basic Considerations when appraising loans