The Boda Boda Union, in partnership with the Luweero NRM Youth Brigade, has distributed more than 300 electric motorcycles to youths in Luweero District under its ongoing financing campaign.
The initiative, launched in July, seeks to tackle unemployment while promoting environmental conservation.
Beneficiaries are required to present a National ID, make an initial deposit of Shs. 168,000, and thereafter pay weekly installments of Shs. 66,000 for two years.
Unlike conventional financing models, the scheme does not require guarantors.
National Boda Boda Union Chairperson, Frank Mawejje, described the project as part of the Union’s “electric revolution,” aimed at shielding riders from exploitative dealers who demand over Shs. 1 million upfront, a cost that discourages many youths.
“This approach enables riders to save more while owning an asset that can transform their lives,” Mawejje said.
The Chairperson of the Luweero NRM Youth Brigade, Sam Buchanan, noted that the campaign is designed to empower youths irrespective of their political affiliation.
“The goal is to develop them and give them an opportunity to earn a living,” he stated.
Beneficiaries have been urged to view the motorcycles not just as tools of trade but as assets to uplift their livelihoods.
The distribution exercise also comes ahead of the Union’s Festival and Expo, scheduled for September 14 at Kololo Independence Grounds, where more youths across the country are expected to benefit from the motorcycle financing program.