Stawika is an Android mobile app which is situated in Kenya. It offers mobile loans that aid its’ customers to deal and solve financial needs. The Stawika Loan App is from Stawika Capital Limited. These financial needs include emergencies such as accidents, it assists in the funding of small businesses to entrepreneurs. An individual may also choose to acquire a Stawika Account which is maintained with Service Providers’ situated in the Mobile Application.
ELIGIBILITY:The following are the qualification necessary to qualify for a Stawika Loan;An applicant should have attained the minimum age of eighteen yearsA Smart-phone with an android systemAn applicant should have the Stawika Loan AppAn applicant should not be listed with Credit Reference BureauAn applicant should be of sound mind and not been declared bankrupt by a court of lawFEATURES OF STAWIKA LOANS:The loans are issued in Kenyan currency and not any other currencyThe amount of loan procured by an applicant is as low as Ksh 200An individual is granted 4 grace days to repay the loans incase of delay to pay it on time. If not paid back an additional interest of 2% is charged for a duration of 10 days on daily basisOnce the loan is approved, it takes less than a minute to be disbursedFactors such as mobile data in the phone are used to act as sources of providing information in the assigning of loanThe lack to pay back the loan granted leads to an applicant being listed by the Credit Reference Bureau [CRB]
PLEASE NOTE;-To improve the chances of having the loan approved and acquiring a credit card there is need to have a good credit historySTAWIKA LOAN APP:The following are the steps to acquire the Stawika Loan App;An individual should contain a smart phone with an android systemStart by accessing the Google Play StoreThen, download the Stawika Loan App for free [No payment required]Proceed to fill the required personal detailMake sure you thoroughly verify your phone numberOnce you have completed the verification process, you have successfully acquired an active Stawika AccountTHE PROCEDURE ON HOW TO APPLY FOR A LOAN FROM THE STAWIKA APP:Start by accessing the Stawika App on you Smart-phoneThen enter the Stawika PIN that you chooseProceed to check the amount of loan limit you can be grantedAfter checking your loan limit, apply for a loanThe Loan will be disbursed through the means of M-pesa number after verificationTHE PROCEDURE ON HOW TO PAY BACK THE STAWIKA LOAN:Start by accessing the M-pesa menuChoose the ‘Lipa na M-pesa’Proceed to enter the business numberThen enter the already allocated Stawika Pay-bill number Fill in the amount of loan you are repaying back after being given Then enter your M-pesa PINFinally submit it