How much does a 14 seater matatu make in Kenya?

A 14 seater matatu makes an approximate revenue of 3,500 shillings. Depending on factors like management and the location and route of operation, a matatu can make slightly above or far below this figure. Is the matatu industry profitable in Kenya?

How much do matatu drivers earn?

One can make between Sh6,000 and Sh10,000 after fuelling for next day and paying the crew. This translates to up to Sh250,000 per month if you factor in days off for crew.

How much is matatu Sacco membership in Kenya?

23.In order to join some of the well established matatu saccos e.g. Mololine, 2nk, North Rift etc. one is required to pay a token fee of in the range of Ksh100,000 and Ksh300,000. This token fee is meant to buy you a position in the franchise.

How do I invest in matatu Sacco?

So you want to get into matatu business?

1. Step 1: Buying the vehicle.
2. Find the right staff.
3. Step 3: Have appropriate licenses and insurances.
4. Step 4: Branding, modifications and fabricating.
5. Step 4: Get your saccos and routes sorted.
6. Challenges you may face.
7. The cartel problem.
8. Loss of vehicle.

How do I start a transport Sacco in Kenya?

How to register a youth SACCO in Kenya

1. Formulate a formal request in a letter prescribing the need for the formation of the youth SACCO.
2. Provide the names of the members for search and approval.
3. Formulate the objectives of the society.
4. Provide the multitude of members that would be in the SACCO.

What is a matatu Sacco?

Today, an individual matatu must be associated with one of over 600 independent, government-registered groups known as a SACCOs. As of late 2010, Kenyan government policy is to phase out minibus matatu in the capital city Nairobi in favour of larger buses seating twenty five or more.

How much does it cost to pimp a matatu?

For a small matatu, [the total cost can be] 300,000 shillings ($3,000) or 400,000 shillings $4,000.

How many matatu SACCOs are in Kenya?

According to data from the National Transport and Safety Authority, there are over 700 registered matatu saccos in Kenya serving more than 80,000 vehicles.

How much does it take to register a Sacco in Kenya?

In case you are wondering how much it cost to register a SACCO in Kenya, well you have to pay an application fee of three thousand shillings.