LOAN PRESSURE IN THE BODA BODA SECTOR: MOGO, BAK TRAIN 800 RIDERS IN NAROK
More than 800 boda boda riders in Narok County trained on responsible borrowing, savings and financial management as Mogo Kenya and the Boda Boda Association of Kenya (BAK) seek to help operators avoid loan defaults and protect their livelihoods. The financial literacy programme, conducted in Narok on Wednesday, September 30, focuses on practical skills including budgeting, managing daily cash flow, understanding loan agreements and setting aside money for regular repayments. The riders are also being encouraged to maintain communication with their financiers whenever they experience difficulties that could affect their ability to repay loans. Organisers say early engagement can help borrowers understand available options before temporary financial challenges develop into prolonged repayment problems. For boda boda operators, motorcycles are not simply transport machines but important income-generating assets. Riders depend on their daily earnings to support families, pay s...