Vihiga County Boda Boda Sacco Society on Saturday unveiled an ambitious five-year strategic plan that will see the Sacco roll out a digital platform, adopt e-mobility solutions, and develop a recently acquired three-acre parcel of land.
The 1800 members Sacco are seeking to professionalize the sector and increase daily revenue for its members through the adoption of cheap and reliable electric motorcycles.
MSMEs Cabinet Secretary Wycliffe Ambetsa Oparanya, who presided over the event, challenged players in the bodaboda sector to professionalize their operations and adopt new cost-cutting operation methods to create confidence amongst its members as well as boost revenue.
“This Sacco must begin thinking long-term. Today’s contributions should be the foundation for self-reliance and growth,” Oparanya said.
Leaders at the event donated over nine million shillings, with President William Ruto giving out Sh5 million, funds meant to boost the Sacco’s kitty.
Senator Aaron Cheruiyot emphasized the government’s commitment to the Bottom-Up Economic Transformation Agenda (BETA), which seeks to uplift livelihoods and reduce poverty by empowering local businesses and communities.
“When we campaigned, we promised a bottom-up approach to economic transformation and that is it,” said Senator Cheruiyot, underscoring the administration’s focus on grassroots empowerment and inclusive development
Sacco Chairlady Gladys Mwiganzi said the support would help the Sacco invest in a newly acquired three-acre piece of land and enhance digital savings systems.
“Our Sacco has grown to over 1,800 members organized in 150 groups, including boda boda riders, mama mboga, and youth. Members save Ksh 50 daily and can access loans after six months at only 2% interest,” she said.
The event was held at Manyatta Chango Mbale Municipality, in Vihiga county
By Welter Tiema
