{"id":9449,"date":"2022-01-28T11:57:28","date_gmt":"2022-01-28T11:57:28","guid":{"rendered":"https:\/\/www.africannewspaper.net\/2022\/01\/28\/bodaboda-riders-to-access-loans-retirement-package-kenya-news-agency\/"},"modified":"2022-01-28T11:57:36","modified_gmt":"2022-01-28T11:57:36","slug":"bodaboda-riders-to-access-loans-retirement-package-kenya-news-agency","status":"publish","type":"post","link":"https:\/\/www.africannewspaper.net\/2022\/01\/28\/bodaboda-riders-to-access-loans-retirement-package-kenya-news-agency\/","title":{"rendered":"Bodaboda riders to access loans, retirement package \u2013 Kenya News Agency"},"content":{"rendered":"\n<div>\n<p>The Zamara Group (UBA) and the United Boda boda Association have formed a partnership to provide financial retirement security, as well as other insurance solutions, for Boda boda rider in Kenya.<\/p>\n<p>Speaking at Sarova Stanley Hotel in Nairobi Thursday, Zamara Group CEO Sundeep Raichura stated that the Boda boda sector was an important contributor to the country\u2019s economy as the earnings generated is estimated to be between Sh357 and Sh360 billion per year.<\/p>\n<p>Raichura said that although there are approximately 450,000 Boda Boda Boda riders registered each year, around 200,000 of them lose their registrations due to old age, disability, or accident.<\/p>\n<p>\u201cThere is therefore the need for riders to save for their own future and ensure they have adequate protection against all the risks they might face in life or work,\u201d he added.<\/p>\n<p>The CEO explained that anyone can open a secure savings insurance and pension account which will be linked to one\u2019s national Identification card by registering using a mobile phone or visiting the \u201cFahari ya Bodaboda\u201d website.<\/p>\n<p>\u201cIf you have a track record to show that you have been putting aside some money for a period of six months, it forms the basis of you getting a loan at an affordable rate,\u201d he added.<\/p>\n<p>Raichura said that Zamara Group was looking for solutions that are simple and affordable as well as those that add value for members.<\/p>\n<p>He said that this is the beginning of a journey that will enable a very important segment of the economy to be empowered to take control of their financial stability.<\/p>\n<p>The CEO said that the partnership will transform the country and that UBA is working with them to find solutions to personal accidents, disability cover, and saving for housing.<\/p>\n<p>Echoing Raichura\u2019s statements, UBA Organizing Secretary Aggrey Vunyoli reiterated that they are partnering with the Zamara Group to be able to create a statement that will enable the riders to access cheaper finance at a lower rate.<\/p>\n<p>Vunyoli stated that they had an original idea and were looking for partners in retirement benefits. Therefore, they partnered with Zamara Group and created a product to help boda boda owners.<\/p>\n<p><strong>By Mary Wangari, Manu Mumba<\/strong><\/p>\n<\/p><\/div>\n<p>Source: <a href=\"https:\/\/www.kenyanews.go.ke\/bodaboda-riders-to-access-loans-retirement-package\/\">kenyanews<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Zamara Group (UBA) and the United Boda boda Association have formed a partnership to provide financial retirement security, as well as other insurance solutions, for Boda boda rider in Kenya. Speaking at Sarova Stanley Hotel in Nairobi Thursday, Zamara Group CEO Sundeep Raichura stated that the Boda boda sector was an important contributor to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bodaboda riders to access loans, retirement package \u2013 Kenya News Agency - African News Paper<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africannewspaper.net\/2022\/01\/28\/bodaboda-riders-to-access-loans-retirement-package-kenya-news-agency\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bodaboda riders to access loans, retirement package \u2013 Kenya News Agency - African News Paper\" \/>\n<meta property=\"og:description\" content=\"The Zamara Group (UBA) and the United Boda boda Association have formed a partnership to provide financial retirement security, as well as other insurance solutions, for Boda boda rider in Kenya. 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