Tuk-Tuk Financing in Kenya 2026: Watu, Mogo, Costs

Who lends for tuk-tuks

	Watu Credit	Mogo
CBK DCP licence	Yes, licensed 5 June 2025	Yes, licensed 27 June 2024
Brands	Bajaj, TVS, Piaggio, Haojin and others, plus electric models	Cargo and passenger models; logbook loans on Atul, Bajaj, Bomba, Dayun, Haojin, Skygo, Sonlink, TVS, Piaggio
Published price point	Not published	From KES 810 per day for financing; logbook loans up to KES 250,000 from KES 250 per day
Term	Up to 24 months	52 to 78 weeks on its boda terms; no separate tuk-tuk term published
Payment	Weekly instalments under its General Terms, by M-PESA only	Weekly invoice, with an option to pay daily
Guarantor	One, aged 20 or over, plus two referees	One

Repayment details: Watu Credit paybill and Mogo paybill. Mogo's own pages disagree on whether the account is your agreement number or your plate number, so confirm with Mogo on 0768 469 112 before your first payment.

A 2026 news report says Car & General, which sells Piaggio tuk-tuks, has partnered with Edenbridge Capital, a CBK-licensed digital lender. We could not find this on Car & General's own site, so ask the dealer directly.

What you need

Original National ID (Mogo also accepts a passport)
Your own KRA PIN certificate
An M-PESA statement or line history of at least 6 months
A guarantor with an original ID
The down payment. Mogo says from 20 percent.
Age: Mogo states 20 to 65 on its tuk-tuk page and 20 to 70 in its FAQ. Ask which applies.

Ownership and the logbook

You drive the tuk-tuk from day one, but the lender holds the title until the last payment. Watu starts the NTSA transfer when you finish, and from 10 June 2026 that produces an e-Logbook. Mogo removes the tracker and discharges the logbook once you pay its discharge fee. Ask what that fee is when you sign, not when you finish.

If you fall behind

Watu: late interest of 0.5 percent a day on the overdue amount, a KES 5,000 collection charge after 10 days in arrears, remote switch-off through the GPS tracker, and a 7-day window after repossession to clear arrears and get the vehicle back. After that it is sold and any shortfall can be claimed from you or your guarantor. CRB listing comes after at least 7 days' notice.
Mogo: may repossess on notice, including through auctioneers, and also if the GPS is tampered with or not made available within 24 hours. It lists with a CRB 30 days after a written notice if arrears are not cleared. Its FAQ says you can usually recover the vehicle by clearing arrears and getting a release letter.

If money is tight, talk to the lender before the payment is missed. See what to do if you cannot pay a loan this month.

Sources, read 19 October 2026

Watu Kenya mobility page, General Terms v3.1 (22 Dec 2025), Summarised Terms and support page, watu.com.
Mogo homepage, tuk-tuk financing, tuk-tuk logbook, FAQ and Boda T&C (June 2025), mogo.co.ke.
CBK Directory of Digital Credit Providers, 29 September 2026.
Secondary: 2026 news report on Car & General and Edenbridge Capital.

FAQ

Who finances tuk-tuks in Kenya?

Watu Credit and Mogo both publish tuk-tuk financing on their Kenyan sites, and both are on the CBK Digital Credit Providers directory. Watu finances Bajaj, TVS, Piaggio and other three-wheelers through more than 400 dealers. Mogo finances new tuk-tuks and also lends against a tuk-tuk you already own.

How much is the daily payment on a tuk-tuk?

Mogo advertises tuk-tuk financing from as little as KES 810 per day. That is a starting figure. Your amount depends on the model, your deposit and the term, so get the full schedule and the total repayable in writing.

Can I get a loan using my tuk-tuk logbook?

Yes. Mogo offers tuk-tuk logbook loans of up to KES 250,000, from KES 250 per day, for cargo tuk-tuks from 2020 to 2025 models, including Atul, Bajaj, Bomba, Dayun, Haojin, Skygo, Sonlink, TVS and Piaggio.

What do I need to apply?

Watu asks for your original National ID, a copy of your KRA PIN certificate, a Safaricom line registered for M-PESA and active for at least 6 months, the down payment, one guarantor aged 20 or over and two referees. Mogo asks for a 6-month M-PESA statement, your ID, your own KRA PIN and one guarantor.

When do I get the tuk-tuk logbook?

Only after the loan is fully paid. Watu says you are the economic owner during the loan and become the legal owner on full payment, after which it starts the NTSA transfer. Mogo holds the title as security, removes the tracker after clearance and discharges the logbook once you pay a discharge fee.