Username SACCO has unveiled a new loan facility aimed at accelerating the transition to clean energy transport in Kenya’s informal mobility sector. The product, known as the Boda Boda Tuk-Tuk Express Loan, targets youth riders and small-scale entrepreneurs, offering affordable financing for electric motorcycles and tuk-tuks.
The initiative seeks to cut fuel costs, reduce emissions and create sustainable livelihoods for young people across the country. Speaking during the launch on Friday, January 30, SACCO chief executive officer Sarah Wahogo said the move will help operators increase earnings while supporting environmental conservation.
Under the programme, boda boda riders will pay a deposit of KSh 35,000, followed by daily repayments of KSh 325 over 24 months. Tuk-tuk operators will pay a deposit of KSh 60,000 and make daily payments of KSh 575 for 30 months. Wahogo explained that the daily repayment model is designed to align with operators’ cash flow, making the facility accessible and manageable.
To qualify, operators must register with the SACCO by paying a KSh 1,000 registration fee and KSh 5,000 as share capital. The SACCO will finance electric motorcycles for urban transport and electric tuk-tuks for both passenger services and small business logistics.
Compared to petrol-powered vehicles, electric units offer lower operating costs, longer range per battery swap and zero emissions, making them more economical and environmentally friendly. Wahogo noted that reduced fuel expenses alone could significantly boost riders’ daily profits.
The launch comes amid growing national efforts to promote green transport and youth employment. Recently, more than 200 youths in Machakos received electric motorcycles supported by the government. That programme provides insurance, work injury cover, battery swap stations and access to loans through financial partners.
By rolling out this facility, Username SACCO positions itself as a key player in Kenya’s shift toward clean energy mobility. The organisation says the loan product will not only support income growth but also contribute to healthier cities, lower carbon emissions and long-term sustainability in the transport sector.
