Watu Africa is an asset financing company revolutionising financial inclusion and mobility for millions in Africa.
Watu Credit Limited (Kenya) (‘Watu’) is a micro-lending company providing pay as you go financing to young entrepreneurs operating motorcycles (boda bodas) and tuk tuks transport businesses in Kenya.
The official Watu paybill number for weekly payments is 650880. No cash payments are accepted. Watu offers asset financing to meaningfully improve employment and opportunities for those with the greatest barriers to access financial services.
Update; The company is now Watu Africa . This is because the motorbike loans provider is spreading to other parts of Africa.
This lender is most famous for its boda boda loans (motorbike loans) under asset finance. Borrowers get up to 75% financing and the motorcycle serves as security for the loan.
Other loans include;
- Short term loan available to women in groups
- Mobile Loan Facility available to former and current clients.
Watu Africa Credit Customer care Contacts Kenya
In Mombasa (HQ)
1st floor Avenue Plaza,Nyali
Email; [email protected]
Call;0790000999 or 0709739000
Mombasa Sales Office
Mbaraka Rd,Pearl Arcade,
Building No 4 (Opp Likoni Tower Apartments)
Call;0711522522 or 0742957893
In Malindi
Along Malindi- Mombasa Rd
(Opp Malindi Methodist Primary Sch)
Call;0714398908 or 0790989650
In Nairobi
Vision Plaza,Mombasa Rd,
Ground Floor,Office 5
Call; 0727563435 or 0702000555
In Nakuru
At Abson Motors Limited,
Biashara Street (Opp Hotel Edllane)
Call;0702111555 or 0799383355
Countries
Flexible, reliable and transparent car financing in Kenya
Watu Gari started operations in 2021 to provide flexible car financing solutions for Kenyans.
Checklist
To qualify for a loan, you need to have:
Individual
- National ID / Passport & Alien ID
- KRA PIN certificate
- NTSA TIMS account registered under borrower’s name
- Selfie picture
- 6 months bank statement (electronic)
- 6 months M-Pesa statement (electronic)
- Duly completed application form
- Proforma invoice from dealership
- Logbook copy
- Minimum required age of borrower -18 years and above
Company
- Certificate of Incorporation
- KRA PIN certificate
- CR12 Tax compliant certificate
- Previous years audited accounting report
- Stamped extract minutes of Board of Directors’ resolution to seek financing from Watu Gari Limited
- 12 months bank statement (electronic)
- 12 months M-Pesa statement (electronic)
- Duly completed application form
- Proforma invoice from dealership
- Logbook copy
