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Taxi for Good - Talent

Taxi for Good - Talent

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Published by rickyci

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Published by: rickyci on Jan 04, 2013
Copyright:Traditional Copyright: All rights reserved


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This isTaigoo, Taxi for Good
What is Taigoo?
Taigoo is an initiative designed to promote the ownership of taxi cabs among poor and
marginalized drivers in Africa starting with Cote d’Ivoire (Ivory Coast).
We empower drivers with
vehicles under a social leasing system 
that get repaid between 1to 3 years. The full and timely repayment leads to ownership of the vehicle being handedover to the driver.
What's going on?
In Cote d’Ivoire, 25.000 taxis are used as inter 
-city or communal taxis in Abidjan, the capitalcity. Taxi owners have to rely on urban unemployed men to become drivers.
The existing sales practice consists of an “exploitative” daily rental fee paid by the driver,
arguably for the activity lifetime, with no scope for ownership for drivers.Because of their lack of access to formal finance; drivers perpetuate their bread earningactivity under the daily hire basis and remain stuck in a spiral of poverty throughout their 
lifetime with all its implications. It is all too common to find drivers well in their 40’s with 20
years of service and no self-owned vehicle.In Africa, hundreds of thousands of taxis are in circulation representing a significant meansof transport and conveyance - yet cab drivers represent a vulnerable and sociallydisadvantaged community everywhere.

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