FABIO in Uganda continued its project “Bicycle Credit Scheme” in Kiringa parish Nawandala sub county in Iganga District. The idea is to give away bicycles within a credit scheme in order to increase the number of bicycle users. The recent initiation of the project even included a discount on the initial deposits and the monthly instalments because our donor Barbara Kipke, a mobility consultant from Germany, supports the project. Using this credit-based method it is much easier for people to purchase a bicycle. The project will reduce poverty by improving accessibility to social services and promoting bicycle use as the most affordable and sustainable means of transport. Another positive effect which goes together with poverty reduction is the promotion of the culture and spirit of saving. The target group for the bicycle credits are especially women who use the bicycle for the benefit of the whole family. In Kiringa parish Nawandala sub county, FABIO handed over bicycles to 10 women groups each consisting of about 10 to 30 members – so around 200 women are profiting from the recent project. Each of the groups received one bicycle at 50.000 Uganda Shillings (about 15 Euro), as deposits, additionally they have to pay monthly instalments of 10.000 Uganda Shillings for 5 months. Read More in
FABIO's New Letter
