Mogo, a leading asset financier in East Africa, has financed more than 500,000 smartphones across the region within 14 months, reflecting growing demand for affordable digital credit and flexible repayment solutions.
The company said Uganda accounts for more than half of the total devices financed during the period, driven by rapid digital loan approvals, expanded retail partnerships, and increased uptake of daily instalment payment plans that enable customers to acquire smartphones without upfront full payment.
Mogo has partnered with smartphone brands under Transsion Holdings, including TECNO, Infinix and itel, alongside Airtel Uganda, to widen access to affordable devices for low- and middle-income consumers across the region.
Brian Nyanga, Head of Sales – Device Financing at Mogo Uganda, said the milestone underscores strong regional demand for flexible financing models.
“In both Kenya and Uganda, we have already crossed 200,000 devices financed in each market, which demonstrates the strong appetite for affordable smartphone ownership,” Nyanga said.
He added that Mogo’s streamlined digital application process allows customers to select a device in-store, complete approval within minutes, and walk away with a smartphone the same day.
The growth reflects rising reliance on smartphones for communication, business, education and access to digital financial services. The company is now targeting one million financed customers across East Africa as it expands partnerships with original equipment manufacturers (OEMs) and retail distributors.
“Our goal is to ensure access to quality smartphones regardless of income level. Many customers cannot afford upfront payments, so our model removes that barrier through structured instalments,” Nyanga added.
Mogo has also expanded its distribution network to more than 500 retail outlets across East Africa to improve access in both urban and rural markets.
To qualify for financing, customers are required to present a national identification document and pay an initial deposit of between 25% and 32%. The remaining balance is repaid in daily instalments over a period of up to 12 months through the MyMogo App.
The company says the expansion underscores its role in driving digital inclusion and expanding access to essential communication tools across East Africa.
