There are certain scenarios in life whereby we are faced with dilemmas or challenges requiring us to make choices between items of almost similar attributes.

This can prove to be a daunting task to some, but to those with the advantage of possessing in-depth knowledge of the said items, making the right decision could be as simple as weighing the pros and cons of each.

Similarly, there have been many inquiries regarding which is the best mobile savings platform between Mshwari and KCB Mpesa.

Below, we look at some of the comparisons between the two.

LOAN FEATUREM-ShwariKCB M-Pesa
Min. loan limitKsh2,000Ksh50
Max. loan limitKsh50,000Ksh1M
Interest rate7.5%7.5%
Repayment duration30 days30 days
SAVINGS FEATURE
Interest rateDeposit AccountFixed Savings Account
Ksh1- Ksh20K (3%P.A)All amounts attract 6.3% P.A
Ksh20K – Ksh50K (4%P.A)All amounts attract 6.3% P.A
Ksh50K and above (5%P.A)All amounts attract 6.3% P.A
AmountShould be more than Ksh1Should be more than Ksh500
PeriodN/A1 – 12 months
Early withdrawalAvailableAvailable. However, you will lose all the interest earned.
Interest rateLock savings AccountTarget Savings Account
Ksh1 – Ksh20K (3% P.A)All amounts attract 6.3% P.A
Ksh20K – Ksh50K (5% P.A)All amounts attract 6.3% P.A
Ksh50K and above (7% P.A)All amounts attract 6.3% P.A
AmountShould be more than Ksh1Initial deposit amount of not less than Ksh50 while target amount should be more than Ksh1K
Period1 – 6 months1 – 12 months
Early withdrawalAvailable either as partial/full withdrawal. Funds will be availed after 48 hoursAvailable only as full withdrawal. Total interest is earned upto date of withdrawal. Funds are available immediately to KCB M-Pesa account