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Motorcycle Financing

We help individuals acquire motorcycles for business and for personal activities on loan. We currently have Bajaj and TVS brands.

Requirements for motorcycle loan

  1. Initial deposit 950,000 for Bajaj and 930,000/= for TVS
  2. LC 1 letter where the applicant resides
  3. Letter from stage chairperson for boda boda clients
  4. Two guarantors (One must be a spouse if married or relative and second guarantor should be colleague at work) with original national IDs and passport photos
  5. Securities (motorcycle card, land agreement etc)

Requirements for motorcycle loan for civil servants

  1. Initial deposit 950,000 and 930,000/= for TVS
  2. LC 1 letter where the applicant resides
  3. Securities (motorcycle card, land agreement etc)
  4. Three months most recent bank statement
  5. Two passport photos
  6. Job appointment letter
  7. Job confirmation letter
  8. Copy of national ID
  9. Copy of employee ID
  10. Guarantor (fellow employee in your district local government)
  11. ATM card

Terms of Repayment

  1. Weekly payment of 73800/= for Bajaj and 72400/= for TVS if loan term is 2 years and if initial deposit is not more the stated amount.
  2. If initial deposit is more than 950, the weekly installment will be calculated pro rata
  3. Penalty will be charged for late payment and Genprof may repossess the bike if the client defaults for more than one installments without genuine reason and notice to GENPROF.

We offer motorcycle financing loans. Prospective customers can deposit an initial deposit and receive a top-up to purchase new motorcycle

About Us

GENPROF is a non-deposit taking micro financial institution fully registered in Uganda and regulated by Uganda Microfinance Regulatory Authority. Our core business is micro-credit offered to the poor people who are in most cases excluded from financial services by the commercial banks and other bigger Microfinance institutions because they are considered credit unworthy. Growth is entirely by recycling the interest generated and more income is generated. GenProf greatly desires to enhance...

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