Outstanding contribution to social enterprise

Dr Nicola Banks, School of Environment, Education and Development

Motorbike taxi savings and employment scheme

Nicola is helping combat youth unemployment in Tanzania. She set up a savings scheme in partnership with a local NGO, helping people to buy a motorbike taxi and enhance their incomes. After six months of saving, the group has purchased their second bike.

Nicola was inspired by a man from Arusha who was working as a motorcycle taxi driver. The daily rental fees he paid for his motorcycle wiped out any surplus for saving to enrol on a degree course.

The enterprise is low-cost, sustainable and scale-able, with benefits passing onto another group when all members own their own bikes.

Watch Nicola's film.