28 March 2009

Boda Bodas ~ Affordable Scooters Move Kenyans

Dutch videoreporter Ruud Elmendorp tells the entrepreneurial story of the rise of affordable motor scooters in Kenya, the Boda Bodas...
"Is it a menace, or affordable transport? Cheap motor bikes from China take over Kenyan roads"...
Banks are loaning the $1-2,000 which scooter operators can pay back in a half-year or so by renting out their transport services. Naturally the taxi operators are upset. And competitive pressures are driving rates down. But overall this seems to be a case of affordability triumphing.

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