MOGO Financial Digest Update- April 2024

Welcome aboard to the April edition of our monthly newsletter! Prepare to read exciting updates, heartwarming success stories, celebratory promotions, impactful CSR initiatives, and enlightening financial literacy insights.

Product Update:

With the introduction of our latest interest rate cut for car financing and logbook loans, we are propelling our customers to new heights of financial freedom. Effective February 14th, we offered a reduction of 30% for car financing and 5% for logbook loans, coupled with the elimination of application and processing fees for both products. This decision was necessitated by the harsh economic times but also by envisioning a country where its inhabitants are financially free. MOGO Kenya wants a world where dreams become reality and financial goals are always within reach.

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Success Stories:

In the spirit of our product updates, we are proud and honored to hear success stories from our customers. Stories that depict how MOGO loans have elevated their lives and brought them financial freedom and opportunities to invest.

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Community Outreach:

The Voice of a Black Child is a remarkable non-profit organization in Githurai; tirelessly dedicated to the sexual and reproductive health of the youth in the area. They are making significant strides in ending period poverty by providing free sanitary towels to young individuals in the community and supplying free contraceptives and HIV Test kits, an initiative that is a lifeline for those who may have limited options, emphasizing the importance of safe choices and health awareness.

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Our team from our headquarters also had the privilege of visiting one of Usikimye's safe houses. Usikimye, is an organization dedicated to providing emergency services and homes for survivors of gender-based violence (GBV), has been tirelessly working towards creating safe spaces for those in need. Thank you for welcoming us in your safe space and inspiring us to do more for our community.

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Inside Our Walls:

A BIG CONGRATULATIONS to Mombasa rd. boda boda branch for their outstanding performance beginning this year and especially to Lucy Atim, our exceptional Branch Manager, who in just four months at the helm met and exceeded our expectations, setting a new standard of excellence for the entire organization.

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In pursuit of excellence for the company, very abled employees were promoted. Effective immediately, Edvinas Krisciunas was promoted to Head of Operations and will be leading client-facing operational/support functions. With these changes, we have also created a project management team with Ann Wangui Kimani and Arnold Ochieng Agengo being promoted to Project Manager and Business Analyst respectively. We have also expanded responsibilities in the Finance team with Jonathan Malusi Tilas being promoted to Finance Manager.

Congratulations Edvinas Kri??iūnas, Ann Wangui Kimani, Arnold Ochieng Agengo and Jonathan Malusi Tilas. Best of luck in your new roles.

Financial Literacy Corner: Empowering You

Knowledge is the rocket fuel that propels us toward our financial goals. We have a financial literacy tool that will equip you with the tools and insights needed to navigate your finances with confidence and clarity.

Test your financial health

Thank you for joining us on this April edition of our Financial Digest Newsletter.

To infinity and beyond!