Why is My M-Shwari Loan Limit Zero

1. Introduction 

M-Shwari is a banking facility that was created to foster the culture of saving as well as access to quick micro loans.

M-Shwari is owned by NCBA Bank in partnership with Safaricom. The service was launched in November 2012. Since it's launch M-Shwari has been the leading legitimate online lender in Kenya especial to the unbanked. 

M-Shwari loans are charged at 7.5% with a repayment period of 30 days. 

Before we go to the issue of M-Shwari loans limit being Zero let us first explored the other sides of M-Shwari! 

How To Save With M-Shwari 

The ultimate goal for M-Shwari was the saving culture. Many unbanked Kenyans could not save even a sent! Thanks to the introduction of M-Shwari, people can now save even if it's 1 bob.

This is the step by step procedure on how to save with M-Shwari: 

1) Open Mpesa menu

2) Select M-Shwari

3) Select Send to Mpesa

4) Enter Amount

5) Enter your Mpesa PIN and send 

You will receive a message immediately about the transaction.

Benefits of Saving With M-Shwari

M-Shwari being the best saving plan in Kenya for the unbanked has got several benefits as follows: 

• Earn interest at 6.3% 
• Save for the rainy day
• Availability of quick loans
• It's Safe, fast and easy paperless service
• Transactions can be done anytime anywhere
• No charges on the account
• No minimum balances 

How To Apply For M-Shwari Loans

Before we look on how  one can apply for the mshwari loans , first let us look into " Who can apply for M-Shwari loans" 

For one to apply for M-Shwari loans one must be qualified with the following parameters: 

1) Be an Mpesa subscriber for at least 6 months

2) Have saved with M-Shwari

3) Actively using Mpesa services such as Paybill,buy airtime or data.

Check Your M-Shwari loans limit 

Check Your M-Shwari limit before apply for the loans. This is how to check your loan limit: 

Open Mpesa

Select loans and Savings

Select M-Shwari

Select Loans

Click on Check Limit

You will receive a message about your Mshwari loan limit. 

What Determines Your M-Shwari loans limit 

There are several parameters and behaviors that an individual will be gaged to,  to determine the limit for the loans as follows: 

1. Financial Behavior Matters - M-Shwari evaluates your financial activity, including M-Pesa transactions, savings, and loan repayments. Consistent and responsible behavior positively impacts your loan eligibility.
2. Save and Save - Regularly saving in your M-Shwari wallet demonstrates financial discipline. The more you save, the higher your loan limit can grow.
3. Loan Repayment History - Timely repayment of previous loans boosts your credibility. M-Shwari considers this when calculating your limit.
4. Frequent M-Pesa transactions such as sending money, paying bills, and buying airtime—signal active engagement. These actions contribute to a favorable loan assessment.
5. Active Mpesa line - Ensure your M-Pesa line remains active. Inactive lines may impact your eligibility.

Step By Step Procedure To Apply Mshwari Loans

• Open Mpesa menu
• Select Loans and Savings
• Select M-Shwari
• Select loan 
• Enter Amount ( according to limit)
• Enter Mpesa PIN and send

You will receive a message that your loan is deposited into your Mshwari account. You can now transfer the money into your mpesa account.

M-Shwari logo: image Courtesy 

How To Move Your M-Shwari Loans Into your Mpesa account.

After the loan have been deposited into your Mshwari account, it's now time to move the loan into your mpesa account. This is the procedure: 

Open Mpesa menu

Select Loans and Savings

Select M-Shwari

Select Send to Mpesa

Enter Amount

Enter Mpesa PIN and send

You will receive a message that your money have been deposited into your mpesa account. This service is free , no charges. 

Quick ways To Increase Your mshwari Loan Limits 

Many Kenyans are complaining about their M-shwari loan limits being Zero or Stagnant. For that reason I have decided to analyze for you the quick ways you can employ to faster increase M-shwari your loan limit: 

a) Always Save More - Regular savings lead to increased eligibility. Aim for consistent deposits. The more you save the higher your loan limit.

b)Transact Frequently - Use M-Pesa actively. Send money, pay bills, and buy airtime and data. Regularly use Mpesa for your transactions.

c)Timely Loan Repayments - Repay loans promptly. It builds trust and improves your limit. Repay on time or before due date. 

d)Keep Your Line Active: - An active M-Pesa line is crucial for eligibility. Make regular transactions with your mpesa from time to time. 

e) Financial Discipline - Balance loans and savings wisely. Responsible behavior matters borrow what you can pay.

Conclusion 

For the purpose of enlighting people on the matter of as to why your M-Shwari Loans Limits is Zero ,I think I have helped someone. 

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