Lipa Mdogo Mdogo is an innovative financing model designed to improve smartphone access in Kenya. This approach allows you to pay for your phone in manageable daily installments, making technology more accessible.
Concept of Lipa Mdogo Mdogo
Lipa Mdogo Mdogo is a Swahili term meaning ‘pay little by little’. This payment strategy enables you to acquire smartphones by making small, daily payments instead of a lump sum.
The arrangement typically spreads out over a year, facilitating easier budget management and financial planning.
Examples of companies offering lipa pole pole services:
- M-Kopa phones (+ finance and electric bikes)
- Flexpay
- Kopo Soko
- Jaza Pole Pole, by Jambojet
- Copia Kenya, etc
Benefits for Kenyan Consumers
The Lipa Mdogo Mdogo program offers several advantages:
- Accessibility: You can own a smartphone without needing to save for a full upfront payment.
- Financial Flexibility: Manageable installments reduce financial burden and improve your cash flow.
- Variety: Access to a range of phone models from basic to more advanced smartphones.
Eligibility Criteria
To be eligible for the Lipa Mdogo Mdogo program, you typically need to:
- Be a Kenyan citizen with a valid ID.
- Have a history of using Safaricom services, as this can be part of the assessment.
- Meet specific qualifying criteria set by the financing company. These may include a stable income or a positive credit rating.
By confirming your eligibility, you can leverage the benefits of this program and gain access to the digital world with more ease.