When you purchase from cidi you are purchasing three things, a motorcycle, the motorcycle leasing service from cidi and the guarantee that we will repurchase the motorcycle at a higher price after a year.

But what does it mean really?  It means that you give us the authority to use the proceeds of your purchase to buy a motorcycle and to lease it to a driver to run a taxi-motorcycle business. It also means that we have the obligation to buy back the motorcycle at 110% of the purchase value after one year.

cidi builds an alternative to public transport that employs millions of individual entrepreneurs in countries that lack public transport. cidi works with affiliates and local motorcycle financing companies that manage all aspects of Leasing the motorcycle to drivers.  The companies we work with are carefully selected, we go through a screening process that takes months to understand their business, how they do things, how they appraise the borrowers and manage the collections. We then spend time defining agreements that are coherent with our practice of secured asset financing.

All our motorcycle financings are backed by security.  Before committing to financing a motorcycle we examine the creditworthiness of the borrower, the viability of the borrower’s repayment ability, his aptitude to undertake the motorcycle business.  Each borrower must also provide a deposit for up to 30% of the value of the motorcycle and have guarantors that stand in his stead should he not repay. We give great attention to making sure our security by having direct claims on motorcycle ownership.  This, together with our diligent internal processes, ensures that security risk is minimized. Our Buyers whilst buying a single motorcycle are not presented with the risk of Individual defaults, that is if a borrower does not repay his motorcycle, our buy-back obligation stands.

We increase the driver’s odds of success by helping drivers access Motorcycle ownership, plugging the drivers into ride hailing networks, and helping them to comply with security standards, training and insurance requirements.

It is more likely the drivers has real problems that may affect his ability to earn and repay.  It is best in these situations to work towards an arrangement. In the rare occasions where the driver intends not to honour his obligations, cidi has the right of repossession. The Motorcycle can either leased to an alternative driver or sold.

cidi Limited is a UK incorporated Limited Company. We are currently active in Kenya because it has a large population of 50 million, but has an absence of formal public transport options.