Industry estimates indicate that Kenya has about 2.4 million motorcycles in use with 68% financed through digital and asset-based credit. Mogo head of public relations Rebecca Ngigi takes Uasin Gishu County Boda Boda operators through a financial literacy training.
The training, organised by Mogo Kenya in partnership with the Boda Boda Association of Kenya (BAK) is focused on helping riders better manage their income, understand the full cost of asset financing and keep up with loan repayments/ HANDOUT MORE than 500 boda boda riders in Uasin Gishu County have received financial literacy training as lenders and industry players seek to reduce loan defaults and motorcycle repossessions in the fast-growing motorcycle transport sector.
The training, organised by Mogo Kenya in partnership with the Boda Boda Association of Kenya (BAK), focused on helping riders better manage their income, understand the full cost of asset financing and keep up with loan repayments. The riders were taken through budgeting and cash-flow management, understanding loan agreements before signing and the steps they can take when they fall behind on repayments.
The training also encouraged riders to engage their financiers early rather than wait until missed payments lead to recovery action. The initiative comes as motorcycle financing remains a major source of credit for riders across Kenya. Industry estimates indicate that of the about 2.4 million motorcycles in use in the country, 68.4 per cent are financed through digital and asset-based credit.
The high level of financing makes responsible borrowing and loan management critical for riders who depend on motorcycles as their main source of income. According to the Central Bank of Kenya's Financial Sector Stability Report, the gross non-performing loan ratio in the banking sector stood at 15.6 per cent in March 2026, highlighting continued pressure on borrowers to meet their repayment obligations.
The boda boda sector is a major contributor to Kenya's economy, generating an estimated KES660 billion annually and supporting more than 2.5 million jobs. It also contributes about 4.4 per cent of the country's GDP, according to industry estimates. “Many riders take loans to acquire motorcycles without fully understanding the repayment obligations or what to do when their income is affected.
When a payment is missed and the lender is not informed early, the situation can quickly escalate to repossession,” said Rebecca Ngigi, Head of Public Relations at Mogo Kenya.