How to Apply For M-Shwari Loan

M-Shwari Loan, M-Shwari, How to apply for M-Shwari loan, How to pay M-Shwari Loan
M-Shwari Loan

Here is a simple guide on how to apply for M-Shwari loan and how to pay M-Shwari loan. M-Shwari is a paperless baking service by M-Pesa that enables its customers to save and withdraw money free of charge and also access micro-credit products (loan) of Ksh. 100 (minimum loan amount).

To open an M-Shwari account, all you need is a Safaricom line with an active M-Pesa account for at least 6 months.

To qualify for an M-Shwari loan, you need to save on M-Shwari and also be an avid user of Safaricom services.

How to Apply For M-Shwari Loan

  • Go to sim toolkit on your phone and click on M-Pesa menu.
  • Click on loans and savings.
  • Select M-Shwari.
  • Click on loan.
  • Choose request loan.
  • Enter amount. It should be within your M-Shwari loan limit.
  • Enter M-Pesa PIN and press OK.
  • If the application goes through, the money will be deposited to your M-Shwari account.

How to Withdraw Money From M-Shwari

  • Go to M-Pesa menu.
  • Choose loans and savings.
  • Choose M-Shwari.
  • Click on withdraw from M-Shwari.
  • Enter amount.
  • Enter M-Pesa PIN and submit the information.
  • The money will be credited to your M-Pesa account.
READ :  How to Pay M-Shwari Loan For Another Number?

How to Pay M-Shwari Loan

  • Go to M-Pesa menu on your sim toolkit.
  • Chose loans and savings.
  • Select M-Shwari.
  • Click on loan.
  • Select pay loan.
  • Choose from M-Pesa.
  • Enter loan amount.
  • Enter M-Pesa PIN.
  • Press OK.
  • You will receive a confirmation from M-Pesa.

Conclusion

I hope that this post on how to apply for M-Shwari loan and how to pay M-Shwari loan has been of great help to you.

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