CMPD Microfinance

CMPD Microfinance: Empowering Bodaboda and Bajaji Drivers

CMPD Microfinance is a financial service arm of the Chama cha Madereva Bodaboda na Bajaji Dar es Salaam (CMPD), dedicated to enhancing the economic well-being of bodaboda and bajaji drivers. Recognizing the financial challenges faced by these drivers, CMPD Microfinance offers a range of tailored financial solutions designed to empower its members and support their business growth.

Key Services Offered:

• Small Business Loans: CMPD Microfinance provides small business loans to bodaboda and bajaji drivers, enabling them to invest in their vehicles, purchase essential spare parts, or expand their operations. The loans come with flexible repayment terms and competitive interest rates, making it easier for drivers to manage their finances.
• Savings Plans: To promote financial discipline and long-term security, CMPD Microfinance offers various savings plans. Members can choose from different savings options that suit their income levels and financial goals. These plans are designed to help drivers build a safety net for the future.
• Financial Education: Understanding the importance of financial literacy, CMPD Microfinance conducts regular workshops and training sessions for its members. These programs aim to educate drivers on budgeting, saving, and managing loans effectively, empowering them to make informed financial decisions.
• Emergency Funds: Life on the road can be unpredictable, and emergencies can arise at any time. CMPD Microfinance has established an emergency fund program to assist drivers in times of need, ensuring they have access to quick financial support when it matters most.
• Asset Financing: Through partnerships with financial institutions, CMPD Microfinance offers asset financing options for drivers looking to purchase new bodaboda or bajaji vehicles. These financing plans are designed to be affordable and come with repayment periods of up to two years.