M SHWARI TERMS AND CONDITIONS PDF

Blog M-Shwari The first thing that is very important about M-Shwari is that this is a banking service not just a loans or savings option. 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 for a duration of a month will be paid back with the interests of Ksh 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. Select the M-Shwari link.

Author:Yogami Zolokazahn
Country:Nigeria
Language:English (Spanish)
Genre:Art
Published (Last):2 May 2006
Pages:84
PDF File Size:6.65 Mb
ePub File Size:11.37 Mb
ISBN:490-2-91737-483-2
Downloads:53656
Price:Free* [*Free Regsitration Required]
Uploader:Taugami



Blog M-Shwari The first thing that is very important about M-Shwari is that this is a banking service not just a loans or savings option. 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 for a duration of a month will be paid back with the interests of Ksh 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. Select the M-Shwari link. The well be an SMS message sent immediately on confirmation of request for loan. The second SMS message is sent on successful or unsuccessful request.

The minimum amount you can borrow is Ksh. The interest rate of M-Shwari is 7. Advantages and Disadvantages M-Shwari Loans are advantageous mainly because they require absolutely no security short of having an Mpesa account. This means that if you need around Ksh 1,, you can easily access it within minutes of making your request. The interest rates are also small in comparison to the ease of access to the money and lack of security.

However, there are several demerits. First, is the non-negotiable 30 day payment period with the threat of being blacklisted hanging over you, this means that regardless of the amount of money you borrow, you will still be expected to payback within 30 days. The second issue is the interest rate when you try to borrow large amounts; an interest rate of 7. For example, if you borrowed Ksh 50, you would have to payback Ksh 87, at the end of 30 days making it impractical for borrowing large amounts of cash.

Finally, there is no true objective way of determining of affecting your loan eligibility and loan limit; apparently, it is dependent on previous loan repayment behaviour and usage of other Safaricom services such as Voice, DATA and M-PESA. Recommendations This loan is recommended only for urgent small loans borrowing.

MAHATMA BRIAN GRATTAN PDF

M-Shwari registration, loan application, limits, and interest rates

Despite that, the High Court of Kenya ruled that it was unconstitutional to regulate bank interest rates. The ruling came on March 14, It could also mean interest rates on loans will be higher in the future. If you are looking for a short-term loan, this news could be frustrating since it means higher interest rates by banks.

GUIDA RAPPELZ PDF

M-Shwari: terms and conditions

.

Related Articles