MPs to probe Mogo Auto over alleged unfair lending practices

The petition, submitted by the association's National Executive Chairperson Charles Gichira, raises concerns over interest rates, loan charges, asset repossession and the handling of financed motorcycles...

✨ Key Highlights

Kenya's National Assembly will investigate allegations of unfair lending and asset financing practices by Mogo Auto Limited following a petition from the Kenya Bodaboda Riders and Owners Association.

The petition raises concerns over high interest rates, loan charges, asset repossession, and inadequate disclosure of loan terms.
Key individuals and organizations involved include the Kenya Bodaboda Riders and Owners Association, led by National Executive Chairperson Charles Gichira, and Mogo Auto Limited.
Concerns also extend to data protection practices, the handling of financed motorcycles, insurance claims, and the treatment of borrowers after default.

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