Ease in access of the loans by the workers in formal employment is among the reasons many are in the trade.
This is coupled by decline in prices of the machines following entry of Chinese brands like Boxer, Jingchen and Haojin in the Kenyan market, some that are assembled locally.
The brand new bikes go for between 600 and 800 dollars, which is lower than those from other countries like India and Japan, whose prices average 1,000 dollars.
In Kenyan villages, teachers and civil servants, are among the top owners of motorbikes, which they rent out to youths, earning at least 4 dollars from each a day.
Fred Ajwang, a government employee in Busia, western Kenya, doesn't like to be described as a motorbike tycoon, but he owns eight of them.
"I have agreed with the riders that they bring me 3.5 dollars each day and pocket the rest they make which caters for their wages, fuel and minor repairs like punctures. This way, one works hard to make more money," he said on phone.
Ajwang started with one bike that he bought using a loan and has been expanding the trade.
"I get an average of 240 dollars a day but my target is to hit 500 dollars. It is good business but I will not quit my agricultural job since that is my profession," he said, adding his bikes are Chinese brands.
Most Kenyans are taking up the boda boda trade because of less entry restrictions, according to Ernest Manuyo, a business management lecturer at Pioneer Institute in Nairobi.
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2020-09-15
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