MOGO Uganda Issues 100K Smartphone Loans in Just 200 Days

Following the launch of its smartphone-loans product in April 2025, MOGO Uganda has now financed more than 100,000 smartphones in just 200 days. This milestone marks one of the fastest growth trajectories in the company’s history and underlines the strong nationwide demand for accessible digital tools. At launch, Tomas Sudnius, CEO of Eleving Vehicle Finance: Africa & Asia. MOGO’s parent company, emphasized the group’s pan-African vision for economic mobility through smart financing, noting that Uganda’s potential is driven by a young, rapidly developing population where many still lack access to smartphones, and that access to a smartphone equals access to global information and technology, empowering every Ugandan and accelerating the country’s development.

Smartphone loans were introduced to solve a clear barrier: many Ugandans want a modern smartphone but cannot afford to pay the full price upfront. The MOGO model allows customers to acquire a device with an initial deposit starting from as low as UGX 80,000 and then spread the balance over flexible daily, weekly, or monthly instalments. Daily repayments begin from as low as UGX 848. No collateral is required; approval times are often under 15 minutes; and only a national ID and a mobile-money-registered SIM card are needed. Through its partnerships with TECNO, Infinix, and itel brands under Transsion Holdings, MOGO is able to supply reliable smartphones at scale. Collaboration with Airtel Uganda ensures seamless connectivity for the customer and includes data support at onboarding.

Since launching in April 2025, MOGO Uganda’s smartphone loan programme has recorded phenomenal month-on-month growth, reflecting the rapid adoption of affordable smartphone financing across the country. Starting with just 284 smartphones in April, the number surged by 736% in May to reach 2,375, then almost doubled again in June with a 97% increase to 4,682 units. Growth accelerated further in July, rising by 125% to 10,545 smartphones, and more than doubled again in August with a 129% jump to 24,206 units. By September, the programme maintained strong momentum, reaching 30,229 smartphones, a 25% increase from the previous month. Overall, in just five months, MOGO Uganda achieved a staggering growth of more than 10,500%, underscoring both the market’s appetite for accessible smartphone ownership and the success of MOGO’s inclusive, customer-focused financing model. This level of adoption confirmed early product market fit and validated the loan structure as practical and affordable for everyday earners.

“MOGO Uganda is delighted with the overwhelming uptake and trust shown by our customers, partners, and stakeholders across the country,” said the MOGO Uganda CEO. “This milestone demonstrates that when we combine affordable financing, reliable smartphones, and seamless connectivity, we unlock massive social and economic impact. Reaching 100,000 smartphones financed in 200 days is not just a commercial performance marker, it is proof that digital inclusion at scale is possible.”

This achievement is both a commercial success and a social commitment delivered. Every financed device represents an individual who can now transact via mobile money, access digital education, market goods and services online, or stay connected to customers and family. With Airtel Uganda providing onboarding data bundles to new smartphone-loan customers, each new device comes enabled for immediate usage, helping users to engage digitally from day one.

Looking ahead, MOGO Uganda remains focused on expansion. The company plans to continue scaling its smartphone-loan programme into additional districts while strengthening collaboration with ecosystem partners. With proven demand in both urban centres and rural growth corridors, and a model built on accessibility, speed, and affordability, MOGO Uganda is well positioned to bridge the country’s digital divide and support Uganda’s transition toward a fully connected, digital-first economy.