MOGO Uganda is part of Eleving Group, an international asset-financing company with operations in multiple countries across Europe, Asia, and Africa. Their Ugandan office is based in Kampala, and they focus on providing asset-based lending solutions, especially for people who may not have access to traditional bank financing.

What They Offer (Products / Services)

MOGO Uganda provides a range of financing products designed to make asset ownership more accessible:

Product What it is / how it works
Boda Boda Financing Loans to acquire new motorcycles (boda bodas) with low down-payments and flexible repayment terms.
Second-hand Boda Boda Loans Similar to the above but for used motorcycles.
Boda Boda VIP / Electric Boda Boda Premium and electric motorcycle financing options.
Logbook Loans (Car / Boda-Logbook) Loans secured against a vehicle logbook, allowing customers to access cash without selling their asset.
Smartphone Loans Financing options to acquire smartphones, helping more people access digital tools.
Reach and Impact

MOGO Uganda has issued tens of thousands of loans in recent years, positioning itself as a leading asset-financier in the country.

Its mission emphasizes financial inclusion, providing access to individuals who may not qualify for traditional banking services.

The company operates under Ugandan financial regulations, particularly through microfinance licensing.

How It Works

Collateral / Security: Many loans require collateral, such as a logbook, or an initial down payment for motorcycles.

Repayment Terms: Flexible repayment schedules are available, tailored to customer capacity and product type.

Customer Promise: MOGO promotes transparency, trust, and clear loan terms as part of its service approach.

Advantages and Challenges

Advantages

Provides access to essential assets like motorcycles, cars, and smartphones without high upfront costs.

Expands opportunities for self-employment (especially for boda boda riders).

Backed by an international group with strong financial expertise.

Supports financial inclusion for underserved individuals.

Challenges

Loan interest rates and fees can be relatively high.

Default risk is significant, especially for customers with irregular income streams.

Customers may face repossession if they fail to meet repayment obligations.

Limited access in rural or remote areas compared to urban centers.