Malkia Ride Loan
Get a bike. Ride. Earn. Own.
The Malkia Ride is a loan that helps women get an electric bike and use it to earn an income.
Get your electric bike with a KSh 10,000 deposit and pay from just KSh 288 per day for 24 months.
You can also choose an electric bike and a free smartphone and pay from KSh 295 per day for 24 months.
Use your bike to make deliveries, carry customers, run your business or create another source of income.
What’s included
- An electric bike
- KSh 10,000 deposit
- 24 months to repay
- A free smartphone if you choose the bike + phone option
- Comprehensive motor insurance
- Personal accident cover
- Credit life cover
- Hospital cash cover
- Fortune Malkia Cover
Fortune Malkia Cover
Cover made for women.
We know that some things can affect a woman's ability to work and earn. That's why The Malkia Ride comes with Fortune Malkia Cover.
Period Wellness Support
Get a cash payment for 3 days during your monthly period.
Maternity Cover
Get a cash payment for up to 3 months after giving birth.
Menara Health App
Gives you useful health information and support throughout different stages of your life, from your monthly period to menopause.
With The Malkia Ride, you get more than a bike. You get support for your journey.
Our partners
About the loan and what our customers say
Frequently asked questions about the Boda Boda Loan
About the Loan
What is a Boda Boda Loan?
A Boda Boda Loan is a motorbike financing solution that helps riders, operators, and business owners purchase or refinance a motorcycle through affordable daily repayments.
Who is eligible?
To qualify, you must:
- Be a Kenyan citizen aged between 18 and 60 years
- Be stage-registered or have a stable source of income
- Have a valid A2 Driving Licence
- Provide two guarantors (Stage operators must have the stage chairman present)
- Meet Fortune Credit's credit assessment requirements
Which fuel bikes are available for financing?
- Bajaj
- Honda
- TVS
- Kibo
Application Process
How do I apply?
- Visit your nearest Fortune Credit branch.
- Choose the motorbike that best suits your needs and business.
- Submit the required documents for assessment and approval.
- Complete and sign the Fortune Credit loan agreement form.
- Visit the authorized dealer partner and collect your motorbike.
What documents are required?
- Original National ID
- KRA PIN Certificate
- 12 months of M-PESA statements
- Two passport-size photos
- Two guarantors with original National IDs
- Valid stamped A2 Driving Licence
Additional requirements:
Private riders
- Business permit/licence OR
Three months' payslips - One work colleague as a guarantor
Online riders
- Stamped Peleza report, AROPE certificate, or Certificate of Good Conduct
How long does approval take?
24–48 hours after submitting all required documents
Loan Terms & Conditions
How much can I borrow?
Depends on the motorbike selected for financing
Repayment period?
12–18 months, with daily payments
Interest rate?
Flat rate of 4% per month
Are there any additional charges?
Mandatory deposits:
- KSh 30,000 for new bikes
- KSh 20,000 for second-hand bikes
Deposit breakdown for clarity:
- Registration fee – 1,000
- Processing – 7,500
- Comprehensive insurance – 9,000
- Credit life – 2,300
- Tracking fee – 7,000
- Legal fee – 1,200
- Personal accident cover – 2,000
Disbursement & Repayment
How are the loans disbursed?
The loan is paid directly to the approved motorbike dealer or vendor.
Repayment period?
12–18 months, with daily payments
How do I repay?
Repayments can be made via:
- Via M-PESA Paybill: 4075059
- Account Number: Your National ID Number
Can I repay early?
Yes, early repayment is encouraged.
Account Management
How do I check my balance?
- Automatic SMS after each payment
- Contact your loan officer or customer support
What happens if I miss a payment?
If you miss a repayment, simply contact our friendly loan officers to arrange a flexible repayment plan that works for you.
Can I top up my loan?
Yes, if:
- Your repayments are up to date
- You have repaid at least half of your current loan
- You have maintained a good repayment record
Customer Support
How can I get help with my loan?
- Contact your assigned Credit Officer directly
- Visit your nearest Fortune Credit branch
- Find branch contact details on the Contact Us page on our website
Is my motorbike safe in emergencies?
Yes, we have a 24/7 standby recovery team.
Ready to Get Your Ride?
Talk to us today or apply directly on our website. Our team will guide you through the process and help you get started with your electric bike.