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ECONOMY-FINANCE

Safaricom Drops a Major Announcement Concerning M-Shwari

Photo courtesy of Safaricom PLC Chief Executive Officer, Mr. Peter Ndegwa. Kenya's leading mobile service provider, Safaricom has dropped a major announcement concerning M-Shwari on its official Twitter page account. The telecommunication company has set records straight on the time period set aside for repayment of M-Shwari loans and also given customers a glimpse of how they can increase their M-Shwari loan limits.

  1 month ago ago
Safaricom Drops a Major Announcement Concerning M-Shwari

ECONOMY-FINANCE

Safaricom Announces Maximum Limit Customers Can Loan From M-Shwari

East Africa's leading telecommunication company, Safaricom, has announced the maximum limit customers can loan from M-Shwari. Addressing its customers via its official Twitter page account, Safaricom undescored that the maximum amount of money available for loan services on M-Shwari is Fifty thousand Kenya shillings (Ksh 50,000).

  1 month ago ago
Safaricom Announces Maximum Limit Customers Can Loan From M-Shwari

PERSONAL-INVESTING

Safaricom Sets Records Straight on When M-Shwari Loans Should be Repaid

Photo courtesy of Safaricom PLC Chief Executive Officer, Mr Peter Ndegwa. Kenya's leading mobile service provider, Safaricom, has announced when M-Shwari loanees should repay their loan dues. Speaking via its official Twitter page, Safaricom underscored that M-Shwari loans should be repaid within the first thirty days since the date of issue.

  1 month ago ago
Safaricom Sets Records Straight on When M-Shwari Loans Should be Repaid

PERSONAL-INVESTING

Safaricom Reveals How Customers Can Increase Their M-Shwari Loan Limit

Photo of Safaricom CEO, Peter Ndegwa With the difficult social economic system occassioned by the rising standards of living, rising poverty levels posed by the ravaging effects of the deadly Corona virus pandemic, a myriad number of Kenyan citizens resort to taking mobile loans in order to set rolling their daily living.

  1 month ago ago
Safaricom Reveals How Customers Can Increase Their M-Shwari Loan Limit

PERSONAL-INVESTING

Do this to Increase Your Mshwari Limit in 24 Hours

For decades, Mpesa services have made transactions is for Safaricom users. Sending money and receiving has been that easy even when transacting with someone miles away. In addition, there are self services like paying bills and buying airtime which makes this platform a giant. Above all, there are services related to lending and am sure this is common to you.

  1 month ago ago
Do this to Increase Your Mshwari Limit in 24 Hours

PERSONAL-INVESTING

Checkout the Amount of Money you Will Have if you Start Saving 2500 Every Month in Your M-shwari

M-shwari is one of the best platforms where you can start to save your money and also earn good interest. By saving in your m-shwari account you also get to build your loan limit. By this i mean the more you save on this platform, the higher loan limit you receive.

  4 months ago ago
Checkout the Amount of Money you Will Have if you Start Saving 2500 Every Month in Your M-shwari

PERSONAL-INVESTING

Is Your M-shwari Loan Limit Zero? Find Out Why

M-shwari is a banking service offered through M-Pesa and is usually paperless. It was launched in January 2013. M-Pesa enables its customers to operate M-shwari account through their mobile devices without having to fill any documents. M-shwari allows its customers to save and also lends them loans.

  2 months ago ago
Is Your M-shwari Loan Limit Zero? Find Out Why

PERSONAL-INVESTING

How M-Shwari out priced itself from lucrative mobile loans

Your greatest advantage today can turn into your worst drawback tomorrow. Such is the vagary of life that NCBA, the third-largest bank in the country, is grappling with after President Uhuru Kenyatta signed into law the Finance Bill, 2021. With the ratification of the Bill, all the lenders with mobile lending and saving platforms have been forced to increase the cost of their loans, with all fees and commissions related to loans now attracting a 20 per cent excise duty.

  4 months ago ago
How M-Shwari out priced itself from lucrative mobile loans

ECONOMY-FINANCE

Safaricom To Withdraw Money From M-shwari And KCB-Mpesa Accounts Of Fuliza Loan Defaulters

The Mobile network operator company Safaricom has now come up with new ways of recovering it's defaulted fuliza loans. According to the company, funds saved in M-shwari and KCB-Mpesa accounts will be used as collateral and security for all outstanding loans on the overdraft facility. The firm is set to start this as from 14th November, 2021 according to the statement made.

  1 month ago ago
Safaricom To Withdraw Money From M-shwari And KCB-Mpesa Accounts Of Fuliza Loan Defaulters

PERSONAL-INVESTING

End of Fuliza? Funds In M-Shwari And KCB M-Pesa To Be Blocked Or Utilized To Pay Defaulted Loans

If M-Pesa users default on their Fuliza loans, their funds in M-Shwari and KCB M-Pesa accounts would be frozen or utilized to pay off their outstanding debt. According to a modification to the terms and conditions, Safaricom will have the authority to keep users' funds on the two mobile money accounts if they default on the overdraft option.

  1 month ago ago
End of Fuliza? Funds In M-Shwari And KCB M-Pesa To Be Blocked Or Utilized To Pay Defaulted Loans

ECONOMY-FINANCE

Turning a Ksh 1600 M-Shwari Loan To a Multi Million Business - Kimani Wa Karatasi Narrates How

[Photo courtesy] Not many would have the business know-how of turning a Ksh 1,600 M-Shwari loan into a multi-million business but Kimani has proved it can be done. Charles Kimani popularly known as 'Kimani Wa Karatasi' is the Founder & Managing Director of Jamii Products Limited, one of the largest packaging companies in Kenya known for making khaki paper products manually.

  3 months ago ago
Turning a Ksh 1600 M-Shwari Loan To a Multi Million Business - Kimani Wa Karatasi Narrates How

PERSONAL-INVESTING

How to increase M-Shwari loan limit

1. Transact frequently M-Shwari is reputed to award higher loan limits to subscribers who frequently transact in M-Pesa. Constantly sending and receiving money creates a digital footprint that the loaning algorithm favors, unlike a dormant M-Pesa account. It doesn’t necessarily mean you need to move loads of money from your account to another.

  2 months ago ago
How to increase M-Shwari loan limit

ECONOMY-FINANCE

New way that Safaricom will be using to recover defaulted Fuliza loans

Safaricom which is a mega communication giant has come up with a way of recovering defaulted fuliza loans. Safaricom introduced fuliza for the safaricom line users some few years back and it has been very helpful to many Kenyans. It became beneficial to to communication giant until the users started defaulting the loan they have taken.

  1 month ago ago
New way that Safaricom will be using to recover defaulted Fuliza loans

ECONOMY-FINANCE

Safaricom Updates Fuliza Terms and Conditions.

Safaricom uptaded its terms and conditions which are effective from 14th October 2021. It says that the uptaded terms are not new but a standard for banking products. According to the new update, Safaricom will have the mandate to hold onto user's funds on the two mobile accounts.

  1 month ago ago
Safaricom Updates Fuliza Terms and Conditions.

ECONOMY-FINANCE

Kenyans fuliza' Sh1.2 b a day

Safaricom's mobile over draft service Fuliza now rakes in more revenue for the telco than its mobile lending service M-Shwari less than three years after Puliza's launch. Data from the company's latest Sustainable Business Report indicates that Kenyans borrowed Sh351 billion from the firm's mobile overdraft facility in the 2020/2021 financial year, a 43 per cent rise from Sh245 billion the previous year.

  2 months ago ago
Kenyans fuliza' Sh1.2 b a day

ECONOMY-FINANCE

Kenyans Hilariously React to Safaricom's Upcoming Update of Fuliza Terms and Conditions [Photos]

The Kenyan Telecommunications giant company Safaricom has made a move that will see most Kenyans uneasy in the few days to come. According to the company, it has drafted a way to recover cash from Kenyans who have defaulted in paying their Fuliza loans. Fuliza is a financial overdraft program by Safaricom that allows its customers to access funds to use even when their balance is zero.

  1 month ago ago
Kenyans Hilariously React to Safaricom's Upcoming Update of Fuliza Terms and Conditions [Photos]

CAREER-JOBS

How we benefit in budgeting and saving our How we benefit in budgeting and saving our small monthly salaries.

For a person earning 10,000 to believe that it's a lot of money to receive and deserve saving, this is how you can manage your monthly payment. First pay rent of at most 2000, foodstuffs 2100 and daily mobile phone credit of 10 bob totalling to 300.

  2 months ago ago
How we benefit in budgeting and saving our How we benefit in budgeting and saving our 
small monthly salaries.

PERSONAL-INVESTING

Kenyan Loan Tips you should consider

Loan apps in Kenya have taken over the country’s lending sector that banks have been left with no choice but to join or perish. As technology continues to dictate how people do business, always put in mind that the consumer is the centre of focus. The customer is at a disadvantage though because they have to try out different products with varying results before settling on any one of them or none.

  4 months ago ago
Kenyan Loan Tips you should consider

PERSONAL-INVESTING

How Loan sites and Apps Work

Loan apps in Kenya have taken over the country’s lending sector that banks have been left with no choice but to join or perish. As technology continues to dictate how people do business, always put in mind that the consumer is the centre of focus. The customer is at a disadvantage though because they have to try out different products with varying results before settling on any one of them or none.

  4 months ago ago
How Loan sites and Apps Work

RELIGION

“They Are Vulgar, Arrogant," Pastor Cries Out As Lenders Harass, Goes For His Family And Job

Kenyans took to social media to lament after Citizen TV highlighted the plight of those who take mobile loans go through. From the research that was Revealed, it was evident that in 2020 alone, Kenyans borrowed shs. 1.2 billion daily on M-Shwari and Fuliza alone with this purely being blamed on the raving effects of Covid-19 pandemic which destroyed livelihoods of many people.

  4 months ago ago
“They Are Vulgar, Arrogant,