Kenyan Taxi cab hailing service, Little is set to unveil a mobile phone based Savings and Credit Cooperative society (Little SACCO) for its over 4000 drivers.
Little, a Safaricom backed app was created in partnership with Kenyan Fintech Company, Craft Silicon. It was launched in July 2016 to rival Uber and all other taxi hailing service in the country.
Currently, Little stands out from the others through its superior services and the launch of Little SACCO, arguably the first virtual SACCO in Kenya will add a lot to its superiority.
The firm charges KSh30 per kilometre and KSh4 per minute with no flat-base charge or price surges during peak hours or heavy traffic jams. Its drivers make an average of 2,500 rides daily.
Speaking about the development, Craft Silicon Chief Executive Officer, Kamal Budhabhatti told Kenyan local press that the SACCO is already registered and they were still figuring out the dates for the launch.
“The Sacco will be operated entirely on mobile phone, and drivers will be able to do everything on the mobile,” Budhabhatti reportedly said.
“Our commission structure is different from others. We give our drivers discounted fuel, free data bundles, free phones and all our drivers are agents of Safaricom. By introducing the SACCO, we are trying to create more avenues for them to make more revenues,” he added.
Little Cab runs on iOS, Android, Windows devices and USSD (for non-smartphone) users. It also accepts cash, debit and credit card and Safaricom’s M-Pesa mobile money payments.
The app provides live GPS enabled maps for pickups and offers free Safaricom Wi-Fi to passengers on board.
Little Cab currently takes a 15 per cent commission off the taxi fare.