Riders Urged To Form Registered Groups To Unlock Economic Growth
The Sh5.4 million asset financing package was facilitated through Equity Bank’s Githurai branch in partnership with the welfare association
By Our Correspondent
Bodaboda riders have been urged to form and register groups to strengthen their enterprises and unlock long-term economic opportunities through structured savings and affordable credit.
Many riders in Githurai are already turning to registered welfare groups and cooperative structures to access financing and shift from daily earnings to asset ownership.
Equity Bank Nairobi West Regional Manager Kennedy Muguna said organised groups create clear pathways for riders to access structured asset financing.
He spoke during the flag-off of 12 motorcycles, a seven-seater van and land purchases by Githurai 45 Kimwi Welfare members.
The Sh5.4 million asset financing package was facilitated through Equity Bank’s Githurai branch in partnership with the welfare association.
Githurai Bodaboda Welfare Association Sub-County Chairman John Macharia said collective borrowing has improved access to credit and strengthened discipline within the sector.
“Collective borrowing allows us to spread risk, access affordable credit and expand business opportunities while strengthening accountability among our members,” said Macharia.
Beneficiary James Githinji Kingori said joining the group ended years of operating hired motorcycles with limited returns.
“For three years I operated someone else’s motorbike, but through structured group financing I now own one and can secure my family’s future,” said Kingori.
He said registered groups also promote self-regulation and help restore public confidence in the bodaboda sector.
The association brings together 3,600 members across Githurai and Roysambu, each contributing Sh100 daily to build a sustainable savings pool.
It has established Githurai Limited Company and a transport Sacco, acquiring land worth millions of shillings for housing and investment projects.
Equity Bank General Manager for Pamoja Banking Benignas Muema said financial literacy remains central to sustainable credit partnerships with organised rider groups.
“Before extending credit, we prioritise financial education to strengthen repayment discipline and ensure long-term success for group members,” said Muema.
She urged young riders to cultivate consistent saving habits to build resilience, grow investments and transition steadily from daily earners to asset owners.
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