Asset financing software in Uganda for boda, phone and solar lenders

The short answer

Asset financing software in Uganda is the system a lender uses to put a boda boda, electric bike, smartphone or solar kit with a borrower and collect it back in daily or weekly instalments. It is lease to own software and hire purchase software in one record: the asset by chassis, engine or IMEI number, the borrower and guarantors, the schedule, every MTN MoMo or Airtel Money payment and the days in arrears. We build it on the Growth Informer Loan and SACCO Management System, configured per lender, for boda and electric-bike financiers, motorcycle dealers, phone and solar pay-as-you-go distributors, and SACCOs that lease assets to members.

Plainly: the Growth Informer loan and SACCO system has no lending clients yet, so there is no loan book, lender testimonial or lending case study to show you. What you get is a fixed quote before work starts, a 50/25/25 payment plan, and ownership of the source code and your borrower data. The core configured build is priced at , and your fixed quote follows once we have seen your loan products and asset types.

How boda, phone and solar financing works in Uganda today

Lease to own, hire purchase and pay-as-you-go are how many riders and households in Uganda get an asset they cannot buy in cash. The lenders already doing it show what the software has to handle:

• Mixed assets in one book: Tugende finances boda riders on lease-to-own terms through its branch network, with riders typically owning the bike in 18 months or less, and it also finances smartphones, shop fridges and other work assets. In November 2025 it named Zembo as its electric motorcycle partner, so petrol and electric bikes now sit in the same book.
• Fixed weekly tenors and guarantors: MOGO offers boda logbook loans with ownership after 52, 78 or 104 weeks, and lists two guarantors with national IDs and a registered MTN or Airtel mobile money account among its requirements. Watu finances petrol and electric bodas and smartphones in Uganda against a down payment.
• Savings history as a credit signal: Asaak approves riders partly on trips completed on ride-hailing apps and on months spent saving with a partner SACCO, which is why a SACCO that leases bikes wants savings and asset records in one place.
• Reducing balance and insurance: VisionFund Uganda's boda loan is repaid weekly, bi-monthly or monthly over up to 24 months, with interest on a reducing balance and the motorcycle insured.
• Scale on phones: M-KOPA Uganda, which finances smartphones on daily, weekly or monthly payments and states that it is regulated by UMRA, reported in July 2026 that it had unlocked more than one trillion Uganda shillings of credit for over one million customers since 2013. That is the company's own cumulative figure.

You do not need that scale to face the same three questions every morning: which asset is with which borrower, who paid today, and who is two weeks behind. A good boda boda financing system answers them in seconds, on top of a proper loan management system for Uganda. A SACCO can keep savings and shares in the same records, as described on our microfinance software page.

Growth Informer Software Services is not affiliated with any company named on this page; names are used only to describe the market.

What the system does, from asset register to UMRA reports

Every lender is configured differently, so treat this as the module list we start from. A boda boda loan management system and a solar distributor's system share most of it.

Assets, borrowers and guarantors

• Asset register: each bike, phone or solar kit recorded with chassis, engine or IMEI number, make and model, cost, supplying dealer and status: in stock, financed, recovered, resold or transferred to the borrower.
• KYC with guarantors and stage references: a scan of the borrower's ID, a photo, next of kin, guarantors with their IDs and signed consent, and the stage chairman or community reference your credit officers collect, all attached to the application.
• Branch and dealer views: reports by branch and by dealer, so head office sees who sells, who collects and whose customers fall behind.
• Insurance, logbook and transfer tracking: policy expiry dates, where each logbook is held and the status of the ownership transfer once the last instalment clears, with reminders before a policy lapses.

Schedules, repayments and arrears

• Daily or weekly schedules: set per product with deposit, tenor, instalment, grace days and rest days, so a six-days-a-week boda product and a weekly phone product sit side by side.
• MTN MoMo and Airtel Money repayments: each borrower pays to a pay code with their account reference, and the system matches the payment and allocates it automatically in the order your policy sets, for example penalties, then fees, then interest, then principal. Collections run through your own MTN and Airtel collection accounts or an aggregator you contract with, which we cover under mobile money integration services.
• Arrears ageing and portfolio at risk: buckets by days late, portfolio at risk for the whole book and by branch, dealer, product or asset type, and a daily call list for collections officers. To see what your current arrears mean for the book, try the loan portfolio calculator.

Recovery and reporting

• Repossession workflow: arrears history, the written demand notice and its date, and photo evidence on one record, with a named manager's approval before anything happens.
• Reports for UMRA and credit reference: portfolio, arrears and borrower statements in the layouts your compliance officer gives us, plus an export of positive and negative repayment history, which the 2024 lending conditions regulations require lenders to share with the credit reference mechanism. What you file, and when, stays your obligation as the lender.

Trackers, phone locks and solar tokens: what we build and what we do not

We write software. We do not build trackers, immobilisers, lock chips or any other hardware. If you already use a tracker or immobiliser vendor, we connect to that vendor's API so what it exposes, such as device status or last known location, sits next to the loan record.

Smartphone financing software and phone locking

Locking a financed phone goes through Google's Device Lock Controller, deployed through partners such as Trustonic, which Google approved in 2025 as a global partner in its device locking programme. The controller runs on Android 15 and later handsets where the phone maker has enabled it, and Trustonic also has a device lock partnership with Samsung. Either way, the phone maker's support decides which models can be locked, and we cannot grant or speed that up. We confirm early which handsets you can lock and design the product around them, rather than promise a lock you cannot get.

Pay as you go software for solar

Solar unlock tokens come from pay-as-you-go platforms such as Angaza, PaygOps or Paygee, which release an unlock code once a payment is confirmed. Where the platform's API allows it, we link the loan record to it, so payment status and token status show in one place.

What is cut from version one

• Borrower smartphone app: borrowers use SMS, a MoMo pay code and USSD, so a basic phone is enough.
• Credit scoring models: your officers decide, using the KYC, guarantor and stage references on file.
• Dealer self-service: your staff serve dealers in version one.
• Automatic immobiliser triggers: a person approves every lock or recovery step.

These cuts keep the first version reliable and quick to put live. Any of them can be scoped as a second phase once the core has run for a few months and you know what the data says.

Disclosures, repossession and responsible lending

UMRA, the Uganda Microfinance Regulatory Authority, licenses and supervises Tier 4 microfinance institutions and money lenders. The Tier 4 Microfinance Institutions and Money Lenders (Lending Conditions) Regulations, 2024, issued in November 2024 as S.I. No. 108 of 2024, set out what a lender must put in front of a borrower, and a separate notice that month capped the interest money lenders may charge at 2.8% a month. Which rules apply to your product, and how, is for your lawyer to confirm, and we give no licensing advice. What we do is build the rules your lawyer confirms into the workflow, so staff cannot skip them:

• Total cost before signing: the regulations list what the written contract must state, including the total cost of credit, the payment schedule, the interest as a yearly percentage, the cooling-off provision, recovery procedures and the right to repay early. The system fills your approved agreement template from the loan record. Illustration only, not our price: a UGX 600,000 deposit and 52 weekly instalments of UGX 120,000 come to UGX 6,840,000 payable, and the borrower sees that total beside the cash price before signing.
• Cooling-off and early settlement: a new contract is flagged for the five working days in which the regulations let a borrower cancel, and an early payoff quote carries no settlement charge.
• Penalties set to the rule: default interest is configured not to exceed half the monthly rate and to apply only to the principal balance, with no compounding.
• Guarantors told in writing: each guarantor receives a written notice of what they may owe, and their signed consent is stored on the application.
• IDs copied, not held: the regulations bar taking a national ID, or a transfer document signed before disbursement, as collateral, so the KYC module keeps a scan and the workflow has no step for pre-signed transfer forms.
• Repossession needs evidence, time and a person: before any sale, the system checks that the waiting period your lawyer confirms has passed since the written demand (the regulations set 60 days before collateral is disposed of), and a named manager must approve. Nothing locks or recovers an asset automatically.
• No shaming-style collections: reminders go by SMS and officer calls, never to a borrower's contact list or a public defaulter list. If a recovery agent is assigned, the borrower is first sent the agent's name, address and phone number.
• Audit trail: who changed a schedule, waived a penalty or reversed a payment, and when.

When to build, and where we honestly stand

Do not build if an existing tool already fits. A solar distributor happy on Angaza should stay there, because it already handles tokens and the repayment logic that goes with them. A lender with one simple monthly product may also be well served by an off-the-shelf loan tool.

Build when one of these is true:

• Your repayment rules do not fit: daily payments with rest days, grace days, deposit top-ups or a balloon at the end that a standard product cannot hold.
• You run a mixed portfolio: petrol and electric bikes, phones, solar and ordinary loans, and you want one arrears view across all of them.
• You want to own the data: borrower, guarantor and asset records stay in a database you own, not in a vendor account you rent.

Where we stand

We have not shipped a production loan system for a client yet, and we will not pretend otherwise. What we have built is our own: Moyo Pay, a dual-currency wallet on a double-entry ledger with Mobile Money and USSD; Growth Informer Business, a live cloud POS, inventory and business platform; and Karibu, a travel SaaS. They sit among 37 live website and app builds, and you can read how we approach fintech software development. The first lender on the system works directly with the people building it, and its products shape the configuration.

Cost, scope and how a quote works

Every lender is configured differently, so the price below is where the core starts, and integrations are quoted once we know which vendors you use.

To quote, send us on WhatsApp +256 702 946 946: each loan product with its deposit, tenor and daily or weekly instalment; the asset types you finance and how many a month; your branches and dealers; which tracker, lock or token vendors you use; and one sample agreement with borrower names removed. We reply with which of your rules the system holds as configured, which need building, and a fixed quote. Asking for one does not commit you to anything.

Frequently asked questions

How much does asset financing software cost in Uganda?

Our core configured build is priced at . You get a fixed quote once we know your loan products, asset types and branches, and tracker, phone-lock or solar-token integrations are scoped separately.

Can you build a boda boda loan management system that locks the bike automatically?

Not in the first version. We connect to your tracker or immobiliser vendor's API, but we do not build hardware, and automatic immobiliser triggers are cut from version one. Every lock or repossession step needs a named person's approval.

Do you already have lending clients?

No. We have not shipped a production loan system for a client yet. We do have Moyo Pay, Growth Informer Business and Karibu, plus 37 live website and app builds, and the client owns the source code and data.

Can the system lock financed smartphones or issue solar tokens?

Phone locking runs through Google's Device Lock Controller or partners such as Trustonic, and it works only on handsets where the phone maker supports it. Solar unlock tokens come from platforms such as Angaza, PaygOps or Paygee. We integrate where they allow it and confirm what is possible before quoting.

Can the system follow Uganda's 2024 lending conditions regulations?

It can hold the rules your lawyer confirms: the total cost of credit and payment schedule before signing, the five working day cooling-off, penalty limits, written guarantor notices and the recovery agent notice. Whether the regulations apply to your product, and anything about your licence, is for your lawyer and UMRA. We give no licensing advice.