Bodaboda operators in Ikinu Location, Githunguri Constituency have launched a Sacco to benefit them.
Speaking at Ikinu Trading Centre after the launch of the Ikinu Bodaboda Sacco, the chairman, Boniface Mwangi said that the Sacco would be their financial vehicle that would help them access affordable loans and assist them when misfortunes strike.
“We have come together after realising the importance of a Sacco. The bodaboda business is fast expanding and there is need for our members to access loans to enable them expand their businesses,” said Mwangi.
He said that the Sacco would facilitate easy procedures in accessing loans.
Mwangi said that the industry has boosted development in the area as it is the conveniently affordable form of transport.
“Bodaboda business is fast and affordable and this makes it popular in the rural areas,” said the chairman.
Jesse Kariuki, the Sacco’s secretary urged the members to contribute generously towards the growth of the Sacco to enable it serve them effectively.
“The members should cultivate the habit of generating high levels of savings which will support the long–term investments,” said Kariuki.
He urged more motor cycle’s riders to join the Sacco to boost its core capital.
“With better fortunes, we will be able to create employment opportunities and alleviate poverty,” said Kariuki.
He also urged the operators to respect traffic rules to minimise road accidents which he said are on rise among the motor cycle riders.
At the same time, a suspected motorcycle thief was beaten by the operators for trying to steal a motorbike.
The suspect, Ken Njoroge, 26, was given a thorough beating before being taken to the Ikinu Chief’s Camp.
The suspect was stripped naked and frogmarched throughout Ikinu Trading Centre en-route to the police station.