Monday, June 15, 2009

Boda-boda

A boda-boda ride with Dennis Ewalu


From The Guardian, here's a brief video showing the day in the life of a bicycle taxi driver in Uganda.

I've long wanted to follow a motorcycle or bicycle taxi to see what kind of money they make, what a day looks like. This is also a great example of someone who might want to join a savings and credit association. Small, somewhat irregular income ... could use some lump sums of capital, not really in the market for a microcredit loan.

Here's the summary:

Started with a loan from his brother to buy a bicycle frame only, worked hard for the rest.
Rides 45 minutes one-way, 3 days a week, to get to Soroti Town for the better business.
Best day yields about 10,000 Ugandan Shillings ($4.64 USD) from 10-12 customers.
Supports himself, a wife, his mother, and 6 children.
Pays for primary school, uniforms, books ... and he also saves.
One day hopes to buy a house with corrugated roofing and also some oxen.

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