MajibuAfrica Financing East africa's boda riders into asset ownership

Majibu Africa provides asset-backed financing to boda boda (motorcycle-taxi) riders and small-asset buyers in East Africa — the people who power the informal economy but are shut out of formal credit. Instead of paying daily rental on a bike they never own, a rider takes a Majibu loan, builds equity, and lifts their take-home income while repaying in affordable weekly instalments.
We have bootstrapped to $3.46M disbursed across 3,500+ borrowers with zero external debt — and zero net write-offs. Four enforced disciplines deliver the cleanest book in the segment: a UGX 1M deposit from every borrower, strict in-house underwriting, GPS on every asset, and 2-day repossession on default. The result is PAR30 = 0% — defaults become resales, not losses — at 66% unlevered annual yield ($1,210 gross profit per loan).
The engine behind it is a decade of Baltic auto and consumer-finance operations: the same team, systems and credit discipline, exported to Africa through our in-house CRM. Uganda