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Project Rwanda plans to establish bike distribution to those
organizations that do not have existing grants to purchase bikes. This
program is under development and will involve a “hand up”, not a “hand
out” through a micro financing mechanism which subsidizes the cost of
purchasing the bike and provides micro financing locally but requires
repayment of a percentage of the bike cost over a period of time at
low interest rates. It is envisioned that this micro financing mechanism,
once established, will be rolled out to other African nations and non
African developing nations. The need for special use bikes worldwide is
estimated to be in the hundreds of millions; the bike is an affordable,
practical, environmentally friendly solution to local transportation and
hauling needs.
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