M-Shwari is a paperless banking service offered through M-PESA
M-Shwari a the revolutionary new banking product for M-PESA customers that allows you to save and borrow money through your phone while earning you interest on money saved. With M-Shwari, you are also entitled to affordable emergency loans. Mshwari is a product of Safaricom and Kenya Commercial Bank. Safaricom, Ltd is a leading mobile network operator in Kenya, while Kenya Commercial Bank is one of the leading bank in Kenya.
M-Shwari allows customers to save for a defined purpose and for a specified amount of time. The funds saved on the M-Shwari Lock Savings account will be kept in the account until the maturity date; which you will determine upon opening the account.
App Features
1. Easy to use interface
2. Calculation of loan interest
3. Calculates the loan repayment date
4. Ability to choose the loan start date and get Interest payable and loan repayment date
Enjoy!!!