Mshwari Loan Penalties For Late Repayments
- How Long It Takes To Reverse Mpesa Transaction  - November 26, 2023
- Private Student Loans Without Cosigner/No Credit History In USA 2023 - November 25, 2023
- 6 Pro Tips For Using 401k As Down-Payment Towards Your First Home - November 24, 2023
MShwari is a mobile loan service formed through a partnership between Commercial Bank of Africa ( CBA ) and Safaricom’s mobile money service MPesa.
It is accessible from the SIM toolkit, as well as from the MySafaricom app.
Mshwari loans range from Ksh 100 to Ksh 50,000 for 30 days at a 7.5% interest rate.
Failure to repay the loan upon due date will attract various penalties as stated in Mshwari Terms and Conditions.