How To Apply For Stawi Loan

How To Apply For Stawi Loan, Stawi Loan,
Stawi Loan App

Below is a simple guide on how to apply for Stawi Loan. Central Bank of Kenya in May 2019 launched a mobile loan app called Stawi.

The loan app is managed by Central Bank of Africa (CBA), Co-operative Bank of Kenya, Diamond Trust Bank (DTB), Kenya Commercial Bank (KCB), and NIC Bank.

Stawi loan app currently offers unsecured loans to small and medium business operators in Kenya ranging from Ksh. 30,000 up to Ksh. 250,000.

The repayment period of the loan is up to 12 months, at an interest rate of 9% p.a.

Stawi loan app currently has 50,000 downloads on Google Play Store with a rating of 3.2.

Stawi Loan Requirements

  1. Mobile number that is registered.
  2. Valid Kenyan passport or National ID.
  3. Valid email address.
  4. Your business should be at least 6 months old.
  5. The business should have a monthly turnover that ranges between Ksh. 30,000 to Ksh. 250,000.
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Stawi Loan App Registration Process

1. Download Stawi Loan app on Google Play Store.
2. Open the app and click on “Open Your Account”.
3. Enter your mobile number.
4. Click on “Next”. A pin will be sent to your phone number.
5. Enter it to proceed with registration.
6. You will be taken to another page where you will be required to enter your First Name, Middle Name and Last Name.
7. Click on “Next” and enter your Date of Birth (DOB).
8. Click on “Next” and enter your ID number or Passport Number. Select also the county you are in.
9. Enter your business details:

  • Business Name
  • Business Permit/License
  • Nature of Ownership
  • Role in the Business
  • Business Occupation

10. Click on “Next” and enter a valid email address.
11. Click “Next” and set your PIN.
12. Click “Next” and submit the information.
13. You will receive a text message telling you that “You have been registered on Stawi. You’ll be emailed shortly with all the essential information about your account”.
14. Another text message will be sent with your Stawi account number.
15. To complete your registration, you need to visit your Stawi agent. Stawi will send you the location of the nearest agent within 72 hours.

How To Apply For Stawi Loan

  1. Log in to Stawi Loan app then go to “My Loan”.
  2. Click on “Request Loan” and fill in the required details.
  3. Accept the loan offer to facilitate the disbursement of the loan.
  4. If you decline, the disbursement will fail.
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How To Repay Stawi Loan

  1. Log in to Stawi Loan app.
  2. Go to “Manage” then click “My Stawi Account”.
  3. Click “Pay Loan” and enter the loan amount you wish to repay.
  4. Submit the information to complete the repayment process.
  5. You will receive a confirmation message from Stawi and M-Pesa.

Stawi Loan Contacts

Phone number: 0709 714 999 or 0730 714 999


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