Mogo, East Africa’s leading asset financier, has announced that it has now financed more than half a million smartphones across the region within just 14 months, highlighting the strong demand for affordable digital credit and flexible payment plans.
In Uganda alone, Mogo has financed more than half of this, within the same period, driven by fast digital approvals, expanding retail partnerships and growing uptake of small and affordable payment plans that allow customers to access smartphones through small daily installments.
The company has partnered with Transsion smartphone brands including TECNO, Infinix and itel, as well as Airtel Uganda to expand access to affordable, quality devices across low- and middle-income households.
“We’re thrilled to have funded more than 500,000 smartphones across East Africa in such a short time,” said Brian Nyanga, Head of Sales – Device Financing at Mogo Uganda. “In both Kenya and Uganda, we’ve already crossed the 200,000 milestone, which clearly shows the strong market demand for affordable and flexible smartphone financing options.”
He added: “What really makes Mogo stand out is the speed and simplicity of our process. Customers simply walk into a store, pick their device, complete a quick digital application, and leave with their new phone within minutes.”
The strong performance reflects rising demand for smartphones, which have become essential tools for communication, business, education and access to financial services. Mogo is now targeting one million customers across East Africa while continuing to expand partnerships with original equipment manufacturers (OEMs) to widen device choice for consumers.
“Our goal is to make quality smartphones accessible to more people, regardless of their income level. Many customers cannot afford to pay the full price upfront, so our financing model helps remove that barrier and make ownership easier,” said Nyanga. The company has also expanded its retail network, working with more than 500 outlets and multiple dealers across the region to improve access to devices in both urban and rural markets.
“We are continuing to expand our reach by working with partners who connect with customers across various market segments. Our core focus is to ensure smartphones are widely available and affordable for everyone,” he said.
To qualify for a Mogo smartphone loan, customers are required to present a national ID and pay an initial deposit of between 25 and 32 per cent. The remaining balance is repaid through daily installments of up to 12 months via the MyMogo App.
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