Boda Boda Savings Program

A common and nevertheless original mean of transport in Ugandan cities is a boda boda, a bicycle taxi with a pillow on the carrier to sit on.

Normally, boda boda bicycles are not owned by the boda boda drivers, but by the rather rich bicycle owners. Since boda boda drivers are completely dependent on the owners of their bicycles, they have to give about a quarter of their daily earning to the bicycle owners. Therefore, at the end of in average a 14-hours working day, boda boda drivers struggle a lot to feed their families.

As the culture of saving is not very much anchored in the Ugandan society, boda boda drivers normally are not able to liberate themselves from the dependence of their bicycle owners.

That is why FABIO came up with the Boda Boda Savings Program in Jinja that both encourages boda boda drivers to start saving money and helps them to save continuously (boda boda drivers of the Boda Boda Savings Program have to deposit at least 1000 USh/ 0.40 Euro per week for one year).

The most effective attribute oft the boda boda savings program is sustainability because it does not need an own fund (the Administrative Assistant of FABIO can manage this program easily apart from her common work) and it is giving only the structure to boda boda drivers to develop themselves.