Boda Boda Upliftment Loans

Product Name: Boda Boda Upliftment Loan

Nature of Loan: Short Term

Minimum Loan Amount: UGX 100,000

Maximum Loan Amount: UGX 750,000

Rate of Interest: 3% - 5%PM Flat Rate on Weekly Basis

Repayment Period: 28 Weeks (Maximum)

Eligibility Criteria

Any individual with a valid reference letter by Boda Boda 2010 Association Uganda Limited.

Security

Original comprehensive policy of NIC with a line clause of Yako MDI Group Guarantee -Minimum of 5 persons.

Minimum Requirement

Passport Size Photograph- 2 (Latest) Identity Proof- Boda Boda Association ID card (Mandatory), Uganda National ID, PASSPORT, Driving Permit

Operational Part

The borrower fill up the below documents

  • Loan Application Form
  • DP Note Form
  • Loan Agreement
  • Borrower Profile Form
  • Guarantee Form
  • Account Opening Form