Mshwari

The first thing that is very important about M-Shwari is that this is a banking service not just a loans or savings option. But since this is a Loans Website we will focus on the loans part of the M-Shwari Service. Safaricom and CBA are the main corporations that offer M-Shwari to allow the people who use Mpesa to borrow loans and save money at very low interest rates. For example, a loan of Ksh 1000 for a duration of a month will be paid back with the interests of Ksh 75. The limit of the loan that you can get is guided by the amount of money that you save with MShwari. The loan does not require any security and there is no minimum balance for an M-Shwari account. Read More about “Mshwari”…