Nova Microfinance has entered into a strategic partnership with Simba Automotives Limited, one of Uganda’s leading motorcycle suppliers, to expand access to both fuel-powered and electric motorbikes for individuals, companies, and business owners across the country.
The collaboration will leverage Simba Automotives’ network of more than 60 distribution points and Nova Microfinance’s inclusive financial solutions to make motorcycle ownership more attainable—especially for boda boda riders.
Through the new financing scheme, customers can acquire a motorcycle with a down payment as low as shs 450,000 and flexible repayment terms ranging between 12 and 24 months.
The boda boda industry remains Uganda’s second-largest employer, supporting millions of riders and indirectly sustaining countless livelihoods through transport services, small-scale commerce, and last-mile delivery. With transportation playing a pivotal role in economic productivity, the partnership is expected to ease mobility challenges for traders, delivery riders, and daily commuters.
Precious Naluwu, Partnerships Manager at Nova Microfinance, said the initiative aligns with the institution’s mission to support informal sector growth.
“This partnership with Simba Automotives gives our customers access to a wide range of motorbikes—both fuel-powered and electric—supporting employment creation and empowering more people to participate in the economy,” she noted.
Simba Automotives CEO Chitwan Dogra emphasized the significance of the collaboration in widening distribution and affordability.
He stated that combining Simba’s nationwide presence with Nova Microfinance’s credit solutions ensures that motorcycles are within reach for more Ugandans. “With an initial deposit of just shs450,000, we are making mobility accessible to individuals and small business owners who previously faced financial barriers,” Dogra said.
The initiative is expected to boost economic participation, enhance last-mile transport services, and provide a sustainable path to asset ownership for thousands of Ugandans.
