Goodway Sacco has started a bodaboda loan scheme for the youths aimed at enabling them acquire bodabodas to start income generating activities.
Targeted are those who are been employees of other bodaboda owners. The repayment for the loan is Sh200 per day.
The beneficiaries must be in a group of at least three operators or potential buyers as a form of self-regulation and peer-to-peer guarantee in the repayment of the loan.
“The loans come alongside helmets, riding suits and a comprehensive insurance cover during and after the repayment period to ensure in the event the affected youth will remain in business.
– Our Reporter.