Safaricom M-Shwari new loan limit of Ksh. 2000 crisis

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KIBARUA
Aug 12 ^th, 2020

Business & Industrial-Finance No Comments

Safaricom M-Shwari new loan limit of Ksh. 2000 crisis

Safaricom in partnership NCBA has made a move to curb loan defaulters

What this means

New M-shwari loan limit has been raised to Ksh. 2000 as oppossed to Ksh. 500
The more expensive Fuliza which charges a daily fee of 1.083% is now a aption for M-pesa users who do not qualify for the new Khs. 2000 M-shwari loan limit.
A borrower of Ksh 1000 on M-shwari, pays ksh 56.25 fee will now pay Ksh 243.68 fee on Fuliza
Any M-shwari Loans below Ksh. 2000 will be shifted to Fuliza

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Safaricom M-Shwari new loan limit of Ksh. 2000 crisis

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