Kericho: Over 800 boda boda riders in Kericho County have been equipped with financial literacy skills to help them manage their earnings, meet loan obligations and safeguard their livelihoods.
According to Kenya News Agency, the training was organized by Mogo Kenya in partnership with the Boda Boda Association of Kenya (BAK) and focused on practical financial skills including budgeting, cash-flow management, understanding loan agreements, and planning for regular repayments. The boda boda sector is estimated to generate about Sh660 billion annually and supports more than 2.5 million jobs, contributing approximately 4.4 per cent to Kenya’s GDP according to industry estimates.
In an interview with the press following the training outreach, Mogo Kenya Events and Community Manager Sheila Wangari emphasized the importance of the initiative. She noted that every motorcycle financed represents more than just a means of transport for its owner, stating, “Behind every motorcycle we finance is a person who depends on it to earn a living. It is their workplace, their business and in many cases, the source of income that supports an entire family.”
Wangari further explained that the initiative aimed at helping riders succeed beyond acquiring the motorcycle. “Understanding the cost of credit, managing daily income and planning for repayments can make a significant difference in keeping the motorcycle productive and the rider financially stable,” she said. Wangari encouraged riders to engage with their financiers when facing financial difficulties.
BAK President Kevin Mubadi highlighted the significance of financial literacy for riders due to the central role motorcycles play in supporting their families. “Our members depend on their motorcycles every day to earn a living and support their families. It is therefore important that they understand the financial commitments with motorcycle ownership and know what steps to take when they encounter difficulties,” said Mubadi.
Kericho Boda Boda Chairman Peter Kigen echoed the sentiments about the importance of financial education. He pointed out that understanding loan terms and maintaining communication with financiers are crucial for the riders. “A boda boda rider earns and spends money every day, so without proper planning it is easy to use money meant for loan repayment on other immediate needs,” Kigen explained.
The area Member of County Assembly (MCA) Kipchebor ward, Eric Bett, commended Mogo Kenya, BAK, and the Kericho Boda Boda leadership for organizing the training. He urged the riders to apply the lessons learned, stating that financial discipline is essential for ensuring their motorcycles remain productive businesses and a reliable source of income for their families.
The Kericho training is part of a broader initiative by Mogo Kenya and BAK to promote financial literacy and responsible borrowing among boda boda operators throughout Kenya. As motorcycle financing remains a major source of credit for riders across the nation, responsible borrowing and loan management are critical for those who depend on motorcycles as their main source of income. Industry estimates indicate that of the 2.4 million motorcycles in use in the country, 68.4 per cent are financed through digital and asset-based credit.
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.
Mogo Kenya is a leading financing company expanding access to quality, affordable, and flexible credit for motorcycles, cars, and other income-generating transport solutions. The company is part of Eleving Group, a global Fin-Tech operating in 17 countries on three continents, with more than 90 branches, over 1,700 employees, and 2,200 dealers in Kenya.
