MOGO, BAK TRAIN 800 NAROK BODA BODA RIDERS ON RESPONSIBLE BORROWING

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More than 800 boda boda riders in Narok County are undergoing financial literacy training aimed at helping them manage their earnings, meet loan repayments and avoid defaulting on credit facilities.

The training, organised by Mogo Kenya in partnership with the Boda Boda Association of Kenya (BAK), focuses on practical financial skills including budgeting, cash-flow management, understanding loan agreements and planning for regular repayments. Riders are also being encouraged to engage their financiers early whenever they experience financial difficulties that could affect their ability to repay loans.

For many boda boda operators, motorcycles are their main source of income and support for their families, including payment of school fees and other household expenses. Industry estimates indicate that about 68.4 per cent of Kenya’s 2.4 million motorcycles are financed through digital and asset-based credit, highlighting the importance of responsible borrowing and financial management.

Mogo Events and Community Manager Sheila Wangari said the training was aimed at helping riders succeed beyond acquiring motorcycles by equipping them with knowledge on managing daily income, understanding the cost of credit and planning for repayments.

BAK President Kevin Mubadi said financial literacy was critical because riders depend on their motorcycles to earn a living and support their families. He urged operators to understand their financial commitments and seek guidance early whenever they encounter challenges.

The Narok training forms part of a wider financial literacy programme by Mogo Kenya and BAK, which has reached boda boda operators in Nyanza, Mt Kenya, Western, Eastern and Rift Valley regions. The partners say the initiative seeks to equip riders with skills to manage credit responsibly, sustain their businesses and protect their livelihoods.

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