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Boda Boda Riders Buy Ksh 42Million Land From Ksh 50 Bob Contributions

Jakowiti by Jakowiti
April 9, 2023
in Kiambu, Youth Affairs
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Ruiru Boda Boda Association inspired many when they acquired a 5-acre plot of land in Ruiru, Kiambu County, on Friday, April 7, 2023.

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Three years ago, the 200 members founded a Sacco and decided to pool their resources and acquire land.

Each member faithfully set aside Ksh 50 Bob, six days a week towards the project, which enabled their Savings and Credit Cooperative Society (SACCO) to achieve the milestone.

According to the Kenya Property Centre, an acre of land in Ruiru is worth about Ksh 8.5 million, making 5 acres to cost Ksh42.5 million.

“We started by saving Ksh 50 a day excluding Sundays, coming to Ksh 300 per week. That money has enabled us to own our land,” noted the group’s chairman, Lawrence Kariuki.

In the ceremony that was graced by Ruiru Member of Parliament Simon Ng’ang’a King’ara, the group motivated other boda boda riders to follow their lead.

The MP noted that the government was keen on enabling savings and Credit Cooperative Societies (SACCOSs) through the Hustler Fund.

Jakowiti

Jakowiti

Jakowiti serves as the Managing Editor of Kisasa News, steering the publication's editorial vision, content strategy, and team operations to ensure the delivery of accurate, timely, and compelling news. With a passion for storytelling and a steadfast commitment to journalistic integrity, Jakowiti focuses on crafting impactful narratives that resonate with readers. Holding a background in electronic engineering with a specialization in industrial solar energy, Jakowiti brings a unique perspective to coverage of technology, sustainability, and innovation. Beyond the newsroom, Jakowiti actively engages with the community, shares expertise, and advocates for forward-thinking solutions to pressing societal challenges. Stay informed with Kisasa News — where stories come alive.

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