To help participants pay for their bicycles, BAP developed a financing plan. We collect payments via mobile money once a month. 

Other model details include:

  • Total payment for the bicycle is $100. 
  • Payment period of one year.
  • Payments cover full cost of bicycle, plus a small mark-up fee to cover operations.
  • There is a down payment of 15% before receiving the bicycle. 
  • Even though it's an individual loan, participants pay back in village savings group.