List of Companies which give bodaboda on loan in Kenya


There are several companies in Kenya which offer bodaboda on loan. The price of one bodaboda is usually above Ksh80, 000 but the companies allow you to pay as low as Ksh15,000 and pay the rest over time.

If you don’t have enough money to buy a bodaboda, here are places you can get one on loan:

  • Mwananchi Credit

Mwananchi Credit is one of the most popular companies in Kenya when it comes to loans for bodaoda owners.It gives up to 70% of total cost of a bodaboda.

Minimum requirements

  1. An active financial account with a bank or any other business institution showing about three months’ transactions- not a must with Mwananchi
  2. A valid rider’s license
  3. Prove that you can repay the loan
  4. Meet about 30% of your biker’s cost to get the 70% boda financing
  5. Have KRA pin
  6. Have at least two referees
  7. Mogo

Another company which you can contact for Bodaboda loan is mogo.

How to get the loan

1. Select a motorcycle

Choose any motorbike make – Bajaj Boxer, TVS, Honda, Captain, Haojin, Sonlink, Ranger, Haojue, Kifaru, Tiger & many others.

2. Visit our authorized dealer

Go to the dealer which sells boda model that you want. Choose the loan term (52-78 weeks) and installment amount.

3. Sign a contract to get a loan

After identity check, just sign a contract & pay the initial deposit of KSh 15,000. Your pikipiki will be ready in less than 24 hours.

4. Ride your new boda!

Ride your new motorcycle & conveniently pay on a weekly repayment schedule. After repaying the loan, you will be a legal owner of your boda boda.

Terms & Conditions of the Loan

To get a loan with MOGO, you need to meet these criteria

    6 months M-Pesa statement

    National ID or passport

    KRA Pin

    Aged 20 – 50 years

    2 referees

Main terms of the motorbike loan

    Pay as little as KSh 300 per day

    Down payment of only KSh 15,000

    Secure your new bike within 24 hours

  • KCB Bank

You can also get bodaboda loan from KCB Bank.

What the bank Needs From You*

  • An active account with any business institution where business proceeds are remitted for at least 3 months
  • Proforma invoice from Boda Boda and Tuk Tuk dealers
  • Valid driving license of the rider/driver
  • Demonstrate your ability to repay the loan
  • Bank to finance up to 70% while the customer to meet 30% of the cost
  • Guarantee by KCB account holder where a Log book is held on simple deposit
  • Where a joint registration is done for the log book, a guarantor is not required
  • 6 months ’KCB banking history or 3 months’ group savings

*A bank representative may call you at any time to obtain further information in line with our KYC process. At no point shall you be asked for your PIN or passwords.  Remember, PIN yako siri yako.

Loan Rates & Fees*

  • KCB Base rate 13% per annum
  • Negotiation fee – 3%

*Charges are not inclusive of tax

  • Pioneer Credit

Pioneer Credit gives up to Ksh300,000 loan for people who want to own bodaboda.


  • Deposit 20% the bike value.
  • Copy of Identification card (I.D).
  • Copy of Driving license.
  • Copy of KRA pin certificate.
  • Certified Mpesa statement for the past 3 months.
  • 3 guarantors.

Application is done online.

  • Capital Sacco

You can also join Capital Sacco and apply to get bodaboda loan.They give in excess of Ksh100,000 for the purchase of a bodaboda.They have flexible payment terms.

  • Watu

Watu is a popular company which has offered loans for more than 1,000 bodaboda owners.

Q What are the requirements for one to get financing from Watu?

To qualify for a Loan, one is required to have the following:

  • Original National ID (Borrower and one guarantor)
  • KRA PIN Certificate
  • Borrower’s age 18-19 years (must be accompanied by a guardian) 20-65 as normal
  • 1 Guarantor (Aged 20 years and above)
  • A down payment of Kshs 15,000 for Motorbike financing and from Kshs 50,000 for tuk-tuk financing
  • A Safaricom Phone number that has been in use for the last 6 months

Q How long does it take for me to get my motorbike/tuk-tuk once I complete the loan application?

It only takes 2 hours to apply and acquire a motorbike/tuk-tuk upon application. However, in case of  unforeseen delay, the front office officer serving you will notify you of the soonest possible time to get the motorbike/tuk-tuk.

Q What is Watu’s Pay bill number for weekly repayments?

The official Watu pay bill number for weekly payments is 650880. No cash payments are accepted.

  • Ndege Chai

If you’re a member of Ndege Chai,here is how to get Bodaboda loan from them:

  • Product to be insured
  • Repayment period is 18 months
  • Interest rate is 14% p.a.-reducing balance
  • Has to be guaranteed by 4 guarantors
  • Logbook to be retained by the financier until clearance of the loan
  • Loan to be classified as asset finance
  • Member to contribute Kshs 15,000 of the cost of the motorcycle.
  • Motorbikes will be disbursed on first come first served basis.

Solar Rays Energy Sacco



    Completed 3 months membership contribution

    Non-Salaried must have been in business operations , at least 3 months

    Up to 12 months loan repayment period