Jali Finance celebrates motorcycle riders for responsible collateral-free loan repayment #rwanda #RwOT

webrwanda
0

The recognition took place on October 10, 2025, at Jali Finance's branch in Sonatube, Kigali, during an event marking Customer Appreciation Week.

The celebration also aimed to honor and motivate riders who uphold their contracts by making timely payments for the motorcycles financed through Jali Finance.

Jali Finance partners with various motorcycle dealerships to enable riders to acquire bikes without collateral. Under the arrangement, riders contribute Frw 35,000 per week as repayment.

To qualify, applicants must hold a valid motorcycle driving license, provide proof of residence, have two guarantors, and be free of any outstanding loans from other financial institutions.

For example, to acquire a motorcycle worth Frw 2 million, a rider is required to make an initial payment of Frw 150,000 or less and continue repaying over a period of two years without providing any collateral.

Beyond financing, Jali Finance also supports motorcyclists in cases of traffic fines, allowing riders to reimburse the amount gradually.

One of the beneficiaries, Vedaste Karangwa, expressed gratitude for the program, saying it helped him rebuild his livelihood after losing his previous motorcycles.

He attributed such opportunities to Rwanda's visionary leadership under President Paul Kagame, emphasizing how government-driven initiatives continue to empower ordinary citizens.

'Let us thank our Head of State, President Paul Kagame, because we owe all this progress to his leadership,' Karangwa said. 'This development is a result of good governance, unity, and peace. I had two motorcycles but lost them under difficult circumstances. When I approached Jali Finance for help, they supported me. I had almost lost hope, but they helped me start again.'

Another rider, Eric Ndagijimana, a father of two, shared that Jali Finance helped him upgrade from a small passenger motorcycle to a larger cargo-carrying one, which significantly improved his income.

With the additional earnings, he has been able to support his family and pay school fees for his child.

Ismaël Gasana, a 24-year-old rider, narrated how his life changed after owning a motorcycle through Jali Finance. Previously, he worked using bikes owned by others, which made it difficult to save or plan for the future, as the owners could take the motorcycles back at any time.

'I used to ride other people's motorcycles, and it was always unstable. They could repossess them any day,' he said. 'But now I have my own motorcycle, and I no longer worry. I can work freely and plan ahead.'

Jali Finance Ltd's Chief Executive Officer, Félix Nkundimana, said the company dedicated this customer week to appreciating riders who honor their commitments and repay responsibly.

He noted that the recognition reflects the institution's respect for integrity and professionalism among riders, many of whom demonstrate discipline on the road and a genuine desire for progress.

One of the requirements to qualify for a motorcycle loan from Jali Finance is having no outstanding debt with any other financial institution.
Jali Finance supports motorcyclists to own bikes.
Motorcyclists financed by Jali Finance celebrated Customer Week together with the company's staff in a joyful event.
Motorcyclists supported by Jali Finance expressed their appreciation.
Staff from Jali Finance spent time engaging with motorcyclists who received motorcycles through the company's collateral-free loan program.
The CEO of Jali Finance Ltd, Félix Nkundimana, commended the motorcyclists who honor their repayments.
Jali Finance joined motorcyclists in celebrating Customer Week by sharing meals, including breakfast.
A cake-cutting ceremony was held as part of the Customer Week celebration between Jali Finance and the financed motorcyclists.
Motorcyclists who have been consistently repaying their motorcycle loans were recognized and rewarded for their integrity.

IGIHE



Source : https://en.igihe.com/news/article/jali-finance-celebrates-motorcycle-riders-for-responsible-collateral-free-loan

Post a Comment

0Comments

Post a Comment (0)