How to Pay M-Shwari Loan For Another Number?

How to Pay M-Shwari Loan For Another Number?, M-Shwari, M-Shwari Loan
M-Shwari Loan

Below is a simple guide on how to pay M-Shwari loan for another number. 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 Pay M-Shwari Loan For Another Number?

At times, a friend or loved one may decide to pay an M-Shwari loan for another number to avoid defaulting their loan.

But M-Shwari has not rolled out a feature or way for one to pay M-Shwari loan for another number directly from their account.

However, if you want to pay M-shwari for another number, you can become of great help to them by crediting their M-Pesa account with the money.

This will enable them to clear the M-Shwari loan from their side.

How to Send Money to Another Person Using M-Pesa

  • Go to M-Pesa menu on your sim toolkit.
  • Choose send money option.
  • Enter the recipient’s phone number.
  • Enter the amount.
  • Enter M-Pesa PIN.
  • Send the money by pressing OK.

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.
READ :  How To Apply For KCB M-Pesa Loan

Conclusion

I hope that this simple guide on how to pay M-Shwari loan for another number has been of great help to you.

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