Watu Cuts Motorcycle Deposit for New Boda Boda Riders
Watu Credit has reduced the upfront deposit requirements for motorcycle financing in Kenya to support boda boda and delivery riders. This move aims to lower the barrier to entry for informal workers in a growing market.
Why it matters
Reducing financing costs for motorcycles directly impacts the livelihoods of thousands of informal workers who rely on these vehicles for income.
&title=Watu%20Credit%20Cuts%20Motorcycle%20Deposit%20for%20New%20Boda%20Boda%20Riders" rel="nofollow" alt="telegram"> &name=Watu%20Credit%20Cuts%20Motorcycle%20Deposit%20for%20New%20Boda%20Boda%20Riders" rel="nofollow" alt="tumblr"> Boda boda riders at their pickup hub. Share &media=https://businesstoday.co.ke/wp-content/uploads/2026/01/BODA-BODA.webp" rel="nofollow" alt="pinterest"> &title=Watu%20Credit%20Cuts%20Motorcycle%20Deposit%20for%20New%20Boda%20Boda%20Riders" rel="nofollow" alt="telegram"> &name=Watu%20Credit%20Cuts%20Motorcycle%20Deposit%20for%20New%20Boda%20Boda%20Riders" rel="nofollow" alt="tumblr"> Watu Credit has lowered the amount new customers need to pay upfront for selected petrol motorcycles for boda boda and delivery riders.
Effective October 1, new customers financing Boxer, TVS, Honda and Haojin motorcycles will pay a 27 per cent deposit, down from 35 per cent. Customers returning with a previous Watu financing record will pay 24 per cent, compared with 30 per cent previously.
The new terms are available through Watu branches, dealers and agents, giving riders access through the company’s existing sales network.
Kenya recorded 252,241 new registrations of motorcycles, autocycles and three-wheelers in 2025, nearly twice the 126,490 recorded in 2024, according to the Kenya National Bureau of Statistics (KNBS). Motorcycles and autocycles accounted for 241,763 of the 2025 registrations.
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