A group of former boda boda riders in Vihiga County Boda Boda Association is turning heads not for journeys on motorcycles, but for owning matatus, cars and land after embracing collective savings and discipline. What began as a modest savings scheme eventually formalised into a Sacco in 2019, uniting many riders under a single vision of financial upliftment.Members contribute KSh 500 a month, and also take part in a daily “KSh 50 challenge” savings plan. Over time, these regular small amounts added up enabling the group to acquire vehicles including five matatus, a pick-up and a saloon car.
But their progress doesn’t end there: the Sacco has also invested in real estate, purchasing land parcels in Chango and Mbale.Members say the benefits go beyond asset ownership. The Sacco provides low-interest loans (1.2% monthly on reducing balance) to support personal and group development projects a lifeline for people who once struggled to make ends meet on boda boda earnings. For many, seeing their matatus on the road isn’t just a symbol of mobility it’s proof that consistent saving, discipline, and unity can transform lives.Looking ahead, the group plans to scale even further: exploring housing projects and broader transport investments. Their journey shows that small contributions, when pooled and managed wisely, can create pathways out of informal work into real asset ownership.
By Newshub