Hundreds of motorbikes at Tugende office yard in Milimani [Photo: Denish Ochieng]A riders’ association in Kisumu is on the brink of losing 150 motorbikes after defaulting on loans from a microfinance organisation. The riders, through Kisumu Boda Boda Association, on Tuesday pitched tent at Tugende Microfinance offices in Kisumu in a bid to save their motorbikes. According to association chairman Jacob Ogambo, some of those affected have repaid up to 80 per cent of their loans. “The riders are expected to pay between Sh300 and Sh450 daily, depending on the amount of deposit they commit,” said Ogambo. But with the biting impacts of coronavirus pandemic, Ogambo said many riders have reported low business and are not able to meet their daily targets.

Source: Standard Digital August 27, 2020 06:33 UTC