Mogo, BAK Train 800 Boda Boda Riders on Financial Management in Narok
By Editorial Team
More than 800 boda boda riders in Narok County are receiving financial literacy training to help them manage their earnings, meet loan obligations and safeguard their livelihoods as they navigate the financial demands of running their businesses.
The training, organised by Mogo Kenya in partnership with the Boda Boda Association of Kenya (BAK), focuses on practical skills such as budgeting, cash-flow management, understanding loan agreements and planning for regular repayments.
Through the initiative, riders are being encouraged to take a more informed approach to borrowing and make financial decisions that support the long-term sustainability of their businesses. They are also urged to communicate with their financiers early when financial difficulties arise, rather than allowing missed payments to accumulate and become harder to manage.
For many boda boda operators, a motorcycle is far more than a means of transport. It is their workplace and a vital source of daily income, helping them provide for their families, pay school fees and meet household expenses.
Mogo Events and Community Manager Sheila Wangari said the initiative recognises the importance of supporting riders beyond the point of financing, ensuring they have the knowledge to manage their loans and sustain their livelihoods.
“Behind every motorcycle we finance is a person who depends on that motorcycle to earn a living. It is their workplace, their business and, in many cases, the income that supports an entire family,” she said.
Wangari’s remarks underscore the need to view motorcycle financing alongside the financial responsibilities that come with ownership, particularly for operators whose earnings depend on their ability to keep working.
BAK President Kevin Mubadi also emphasised the importance of financial literacy, noting that riders need to understand the commitments involved in owning a motorcycle and know how to respond when they encounter repayment challenges.
The Narok training builds on similar financial literacy sessions conducted by Mogo Kenya and BAK across the Nyanza, Mt Kenya, Western, Eastern and Rift Valley regions.
Through the continued partnership, the two organisations aim to equip more boda boda operators with the financial knowledge and practical skills needed to manage credit responsibly, maintain their businesses and protect the income on which their families depend.
