East Africa’s leading asset financier, Mogo, has enabled more than 100,000 Kenyans to acquire affordable, high-quality smartphones within just four months of launching its device-financing product in the market.
Through a strategic partnership with **Transsion brands—TECNO, itel, and Infinix—**Mogo offers flexible smartphone financing payable over 12 months, with customers making small, manageable daily instalments. The initiative targets households that struggle to afford quality smartphones due to high upfront costs.
“The strong uptake confirms that we are addressing a real market need,” said Fred Muoka, Head of Sales – Device Financing, Mogo Kenya. “Kenyans need reliable, affordable smartphones to run their businesses online and stay connected with their families. We are proud to be making this access possible.”
The rapid adoption has also been driven by Mogo’s expanding financial literacy programme, delivered through trained boda boda chairpersons who educate riders on responsible borrowing and loan management. These chairpersons, in turn, train their members, promoting long-term financial health within their communities.
In the past two months alone, Mogo has trained more than 300 boda boda chairpersons in the Coastal region.
Mogo’s financing process is designed for speed and convenience. From device selection to loan approval, the entire process takes less than 23 minutes. Customers can then manage their repayments and monitor their accounts through the Mogo App.
To qualify, customers select a smartphone from participating retailers, present a national ID, provide a six-month M-Pesa statement for verification, and pay a deposit ranging between 23% and 35%. The remaining balance is repaid through affordable daily instalments over a period of up to 12 months.