Kitengela Boda Boda Group Amasses Sh3.3M Through Weekly Savings, Diversifies into Farming and Business

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Nyakundi Report

Newsroom 1 min read

The Kitengela Riders New Vision Success Group, formed in 2012, has accumulated Sh3.3 million through structured savings mechanisms. Initially established to help members acquire personal motorbikes, the cooperative evolved into a financial network that facilitates institutional loans and larger investments.

Chairman Evans Odari described the group's origins: "We began by saving Sh100 weekly to avoid renting bikes. Later, we formalized to access institutional loans." The collective grew from five founders to 25 members, with individual weekly savings now averaging Sh300.

Pandemic-related financial pressures reduced membership, but the remaining 25 members maintain strict financial discipline. Training programs in bookkeeping and financial management, supported by local banks, reinforce their practices.

Individual success stories highlight the model's impact. Odari used Sh650,000 in savings to secure a Sh2.75 million loan for three taxis and a baking machine. Isha Dunga, who received a Sh30,000 loan in 2018, now operates two taxis and a property management company. Benjamin Nyalwalo transitioned from mechanic to motorcycle spare parts shop owner through the program.

The group has invested in a two-acre Kimana farm plot, signaling a shift toward agricultural ventures. Odari noted the pandemic initially forced many members to withdraw, but the remaining 25 now own multiple properties and businesses.

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