7 May, Tuesday
top 9 best Boda Boda Loans Providers In Kenya

top 9 best Boda Boda Loans Providers In Kenya

This article is about top 9 best Boda Boda Loans Providers In Kenya. Boda Bodas (motor bike transport services) has provided employment opportunities to many young people in Kenya. Many young people work as motorbike riders.

There are few Boda Bodas loan providers in Kenya. Buying one can be a challenge for starters. This is because of the high cost of buying a motorcycle. That’s why many financial institutions and small businesses in the country have decided to give people who want to get a motorcycle but they don’t have enough money.

best Boda Boda Loans Providers In Kenya

Here is a list of top loan providers for Boda Boda in Kenya.

Watu Credit

Watu Credit is one of the leading financial institutions in Kenya, providing Boda Boda and tuk-tuk loans to thousands of demanding customers every day. With a deposit of Kshs 20,000, you can become a proud Boda Boda owner within 2 hours.


  • Original identity document (borrower and guarantor 1).
  • The cost of KRA.
  • A minimum deposit of Kshs 20,000 for motorbike finance or Kshs 50,000 for tuk tuk finance and a repayment period of up to 24 months.
  • 1 guarantor (20-65 years).
  • 2 referees
  • Safaricom phone number registered for Mpesa and used within the last six months.

Callers: 0709 739 000, 0719 111 000.

Bimas Kenya

Bimas is a leading microfinance institution in Kenya, with its headquarters in Embu and 39 branches nationwide. It offers young entrepreneurs who want to enter this sector but do not have the necessary capital to start Boda Boda.


  • The maximum loan amount offered is Kshs 200,000.
  • The repayment period is up to 18 months depending on the value of the motorcycle.
  • A deposit of Kshs 14,000 as initial deposit.
  • Daily compensation of Kshs 300 or weekly in advance.
    Standard payment rates and refunds within one week.

Contact: 0701 111 700.


Mogo is a car finance company and Boda Boda lender in Kenya. The company offers fast and flexible service that allows you to get Boda bodywork within 24 hours. It works with authorized dealers all over Kenya.

Mogo has many branches in Kenya. The head office is at Prestige Plaza, Ngong Road, Nairobi.


  • Start paying from just Ksh 300 per day.
  • Initial payment of only Kshs 20,000.
  • Choose any motorcycle and start riding within 24 hours.
  • Repayment periods range from 52 to 104 weeks depending on your preference.


  • 3 Month Income Statement.
  • Personal ID.
    Have a KRA PIN code.
  • Have 1 guarantor.
  • Be between the ages of 20 and 60.

Contact: 0768 469 112.


KCB Bank

KCB Bank offers loans for the purchase of Boda Bodas and tuk tuks with full insurance and a down payment of 3% of the loan amount.


  • Comprehensive insurance of Kshs 9,600 per year for Boda Boda and Kshs 15,000 for tuk tuk.
  • The conversion period is up to 24 months for tuk-tuks and 12 months for motorbikes.
  • Special prices are offered at Boda Boda and tuk-tuk vendors.


  • A working account with any business company where the business has been paid for at least 3 months. Pro forma invoices from Boda Boda and tuk tuk sellers.
  • Valid driver’s license.
  • Prove your ability to repay the loan.
  • The bank will pay up to 70% while the customer will bear 30% of the cost.
  • The KCB account holder supports this easy deposit and withdrawal account.
  • In the event of a link to the directory, no guarantor is required.
  • KCB base rate is 13% p.a.
  • The transaction fee is – 3%.
  • Six months of KCB bank statements or three months of group savings.

Pioneer Credit Ltd.

Pioneer Credit earns up to 80% of the value of motorcycles from select dealers. The customer pays 20% of the price.


  • A deposit of 20% of the value of the bike.
  • Identification of KRA PIN code.
  • Identity card.
  • Driver’s license copy.
  • Prepared Income Statement for the last 3 months.
  • 3 guarantors.

Callers: 0701 777 000, 0751 259 359, 0721 605 139.

Progressive Credit

Progressive Credit offers loans to Boda Boda drivers who want to get a motorcycle with installment payments.

Flexible payment terms to suit customers willing to pay weekly or daily with flexible terms up to 24 months.


  • Original identity document.
  • 1 guarantor.
  • KRA PIN Certificate.
  • Value
  • Get a mobile phone loan with the Nawiri app.
  • life insurance for riders.

Callers: 0702 698 577, 0789 796 477.


Capital Sacco

Capital Sacco is headquartered in Meru. The Sacco provides boda boda loans aimed at boda boda operators to boost their operations by acquiring or repairing existing boda bodas.

Callers: 0708 843 287, 0708 843 288.


Mwananchi Credit Ltd

Mwananchi Credit offers financing in Kenya with payments starting from as little as Ksh 300 per day.


  • Interest rate of 3.5% per annum.
  • 4% processing fee.
  • Application fee of Kshs 500 and CRB fee of Kshs 300.
  • Total insurance amount of Kshs 7,600 (which is Shimin Insurance Agency).
  • Maintenance fee after completion of Kshs 10,000.
  • Maximum repayment period of 18 months.
  • Repayment frequency is daily or weekly.
  • Refund process is via Mpesa invoice number.


  • Color ID photo.
  • Identity card.
  • 3 guarantors (provide an identity document, the guarantor is a relative).
  • Customer support is 15 000 Kshs.

Ndege Chai Sacco

The Sacco has branches in Kericho, Naivasha, Konoin and Silibwet. It offers affordable Boda Boda loans with flexible repayment terms.


  • The repayment period is 18 months.
  • The interest rate is 14% per declining balance.
  • 4 guarantors must have a pledge.
  • The accountant’s records will be kept until it is posted.
  • A willingness to divide as an investment fund.
    The member must contribute Kshs 15,000 towards the cost of the motorcycle.

Contact: 052 203 0121.


NOTE: Before taking out a loan, please check your ability to repay the loan. Also look closely at interest rates and debt.