How To Activate M-Shwari

How To Activate M-Shwari
How To Activate M-Shwari

M-Shwari is a savings and loan service that enables M-PESA customers to;

  • Save as little as Kshs. 1, and access credit from Kshs. 1,000.
  • Earn interest of up to 6.3% p.a. on your savings balance.
  • Save for a fixed period of time
  • Access loans instantly, credited to your M-PESA account from a minimum of Kshs. 1,000 and up to Kshs. 1million account charged at 9% Being Loan Fees of 7.5% and 1.5% Excise Duty. Excise duty is deducted from the loan amount to be sent to M-PESA

How to qualify for a loan

  • Be an M-PESA subscriber for at least 6 months
  • Save on M-Shwari
  • Actively use other Safaricom services such as voice, data and M-PESA.

What should I expect when I borrow?

  • Access loan limits from as low as Ksh.100 and up to Ksh.50,000.
  • Enjoy a one month repayment period.
  • Loan repayment can be made via M-PESA, or from the M-Shwari account.

How does it work?

  • Access the M-PESA menu.
  • Select Loans and Savings.
  • Select M-Shwari.
  • Select Loan.
  • Request Loan.
  • Enter amount.
  • Enter your M-PESA PIN
  • Loan amount will be sent to your M-PESA Account. The loan amount to be paid will be in inclusive of the facility fee.
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