COVID-19 Support for Workers in Madagascar
Workers participating in the
How We Will Use Your Money:
- Help Drivers pay for repairs to their tuk tuks so that they can get back on the road and earning income for thier families
- Help drivers get caught up on loan payments and get back on schedule towards owning their own tuk tuk
- Build and emergency fund for drivers in case of further delays caused by COVID-19.
The demand for short transport in urban areas in Madagascar is rising as is the amount of drivers on the road fulfilling this demand. Although driving is an accessible job for many people, drivers really only have one choice: to rent from a wealthy tuk tuk owner. Drivers end up paying over 75% of their daily income to rent from owners because they do not have access to capital to finance their own tuk tuk. At Speedy Tuk Tuk we are breaking down these barriers by providing a lease-to-own financing structure that after just 24 months drivers can own their own tuk tuks and effectively quadruple their take-home pay, impacting them and their families. Your donation will go to support these drivers and allow more drivers the opportunity to work towards ownership! Thank you for your support, we hope we can count on ongoing support from you.