Mogo’s Sh9 billion funding base fuels expansion into smartphone and vehicle financing
- Mogo Kenya's loan book grew to Sh15.9 billion by June 2026 after disbursing Sh9.2 billion in the first half of the year.
- The company doubled its borrowing from Kenyan banks to Sh1.6 billion, raising total local funding above Sh9 billion.
- Kenya's digital credit market saw outstanding loans reach Sh153.8 billion in June 2026, doubling from the previous year.
The expansion of Kenya's consumer credit market into asset financing is a promising development that could enhance economic opportunities for many individuals. However, the differing risk profiles of various loan types, particularly the high non-performing loan ratio in smartphone financing, necessitate careful borrower assessments and risk management strategies. As Mogo and other lenders navigate this evolving landscape, their ability to balance growth with portfolio quality will be crucial.
