MOGO Expands Access to Affordable Mobility and Financial Services with 22 New Branches Across 16 Kenyan Counties

East Africa’s leading asset financier, has significantly expanded its footprint in Kenya by opening 22 new branches across 16 counties. This expansion brings MOGO’s flexible financing solutions for motorcycles, cars, and tuk-tuks closer to thousands of Kenyans, particularly in underserved regions.

With the addition of these new branches, MOGO now operates a total of 49 branches nationwide and has partnered with over 200 dealerships, making it one of the most accessible asset financing providers in the country. The expansion focuses on high-demand areas in Western, Northern, and Coastal Kenya, including Kakamega, Mombasa, Siaya, Bungoma, Busia, Migori, Homa Bay, Makueni, Narok, Machakos, Garissa, Trans Nzoia, Nyeri, Taita Taveta, Naivasha, and Laikipia.

The new branches will offer comprehensive services such as asset financing for cars, boda bodas, tuk-tuks, and logbook loans for customers who already own vehicles. “We aim to ensure that more Kenyans, regardless of their location, can access affordable and reliable asset financing solutions,” said Mr. Branton Mutea, Deputy Country Manager at MOGO Kenya. “This expansion reflects our commitment to bridging financial gaps and empowering communities across the country.”

Mr. Mutea emphasized that the new branches are strategically positioned to reach underserved communities, providing easier access to financing options for motorcycles, cars, and logbook loans. Many of the new branches are conveniently located within petrol stations, ensuring ease of access for customers.

In recognition of the diversity of its clientele, MOGO has also taken steps to enhance customer service by deploying staff who understand local dialects, ensuring better support for illiterate or semi-illiterate customers.

This expansion is aligned with broader trends in the asset financing market. A recent report by Viffa Consult, The New Boda Boda Boom: Thriving Societies, Growing Economies, and Powering Green Transition, underscores the transformative impact of motorcycle ownership through asset financing. The report reveals that boda boda riders using asset-financed motorcycles earn an average of KES 1,100 per day—equating to about KES 26,400 monthly or KES 316,000 annually. In contrast, riders who lease motorcycles pay at least KES 300 daily without a path to ownership, which limits their financial progression.

Over a five-year period, riders who opt for asset financing save more than KES 440,000 compared to those who rent. While rental costs can reach up to KES 780,000, asset financing costs total KES 339,688. Non-bank lenders like MOGO are playing a crucial role in this shift, offering flexible financing options with daily or weekly repayments that align with the cash flow of riders. This approach is helping thousands transition from renting to ownership, fostering long-term financial independence and improving livelihoods.

MOGO’s latest expansion reaffirms its mission to democratize access to affordable mobility and financial services, empowering more Kenyans to achieve economic growth and independence.