Asset Financing in Madagascar
Providing Financing to Empower Drivers
Speedy Tuk Tuk, a Maak Impact partner in Madagascar, provides asset financing for commercial vehicles in emerging markets. Speedy’s core product is a lease-to-own financing structure offered directly to tuk tuk drivers. Already, Speedy is the largest (and only) lease-to-own provider for tuk tuks in Madagascar. Speedy is on track to help thousands of drivers own their own tuk tuks. After drivers own their tuk tuk, their income increases 3-4 times (tripled or quadrupled)!
Impact Through Investing in the Individual
Speedy strives to make an impact on individuals in the lowest income brackets through our lease-to-own program
Aligning Incentives Towards Empowerment
Drivers are used to driving for wealthy tuk tuk owners. Through Speedy, driver’s work ethic is positively reinforced as they build equity in a cash-generating asset.
4x Income
Driver’s pay over 75% of their daily net-income to rent their tuk tuks, after owning through Speedy, they can effectively quadruple their income.
The Speedy Tuk Tuk Difference
WE LOVE THE SPEEDY TEAM!
Social Ventures are all about People
Our local team of Malagasy embodies the passion, diligence, vibrancy, and desire for social good in their communities that we strive to spread throughout the world. As we invest in supporting our local team through training, education, and hands-on experience, we see great dividends paid out in social change for the communities in which we operate. Speedy is owned in part by local partners.
Make a Difference with Speedy Tuk Tuk
Love what we’re doing? Think you can help?
Each day our drivers are striving towards ownership. For every driver we are able to finance there are many more waiting for an opportunity to get into their own tuk tuk. Donating to Speedy Tuk Tuk shortens the time it takes for drivers to become owners and allows us to accommodate the demand for new drivers as well as helping support our current drivers reach their goals. All donations directly benefit drivers and their families through savings programs, training programs, and education funds for their children. Donating to Speedy is easy and you will join our extensive network of supporters. In gratitude for your donation, we will send you a picture and story, as well as regular updates, of the driver you helped to support! To donate online simple do so here. Donations are also accepted in other forms, simply email [email protected] and we will send instructions on other way you can donate!