Thread by @mmnjug

M-shwari has become a household name that has evolved with every dawn of this digital finance world. - @Ken_Collective

#PamojaNaMShwari

Since its development eight years ago, the revolutionary banking product has witnessed a spontaneous status elevation in an era of a pandemic that necessitates mobile transactions

#PamojaNaMShwari

M-Shwari allows one to save and borrow money through the phone while eaning interest on money saved – more like what a bank does.

#PamojaNaMShwari

The service is rendered through the M-Shwari savings account which allows for savings from as little as Ksh1 and earns interest on the amount. This has come in handy to accommodate saving at a personal pace, allowing an exclusive environment for achieving goals.

#PamojaNaMShwari

The idea of walking around with a bank in your pocket without having to visit any bank to fill out bank account opening forms, proved convenient for most of us who neither appreciate the lengthy queues at bank tellers nor the unvarying walks to ATM machines.

#PamojaNaMShwari

The lucrative part of this paperless bank service has always been the Lock Savings account, which allows for ‘locking up’ deposits for a set period of time. The maturity date is set by you the user, and is ideal for customers looking for 6%pa interest rate.

#PamojaNaMShwari

Now to my understanding, the core purpose of the Lock Savings is to create a placid and consistent saving pattern.

#PamojaNaMShwari

Perhaps the most eminent feature of the M-Shwari service stands to be the provision of micro-credit products (loans).

In the plight of economies shut down due to the global pandemic, the loans have been proven to be of paramount assistance through allocation from as little as Ksh100, stretching to the extent of your M-Pesa limit, and boasts of an instant processing service.

#PamojaNaMShwari

Whether it is supplementing the business stock during a shortfall, paying for the youngster’s fee or a cash deficit when buying supper, the allocated cash has cemented its reliability in our day-to-day activities.

M-Shwari recently unveiled an engagement dubbed ‘Pamoja’ running till 20 th October, where it offers new credit Limits to customers with defaulted loans.

This is geared towards helping M-Shwai customers back on their feet post the pandemic. To qualify for a loan limit restoration, a customer simply needs to repay their defaulted loan before the campaign ends.

#PamojaNaMShwari

MShwari; the perfect partner for you in your up and down financial journey bit.ly/3zH9jdf by @Ken_Collective

#PamojaNaMShwari