What are the requirements for M-Shwari Loan?

To qualify for M-Shwari Loan from Safaricom M-Pesa, you typically need: M-Pesa registered SIM card, National ID. Age requirement: 18-70 years.

How long does M-Shwari Loan approval take?

M-Shwari Loan from Safaricom M-Pesa typically takes Instant (0-30 seconds) for approval. Digital applications may be processed faster than in-branch applications.

What is the interest rate for M-Shwari Loan?

M-Shwari Loan offers 7.5% p.a.. Actual rates may vary based on your credit profile, income, and relationship with Safaricom M-Pesa.

Is M-Shwari Loan available in my area?

M-Shwari Loan is available in select locations. You can apply online or visit any Safaricom M-Pesa branch.

What are the fees for M-Shwari Loan?

M-Shwari Loan charges no processing fee. Always confirm current fees with Safaricom M-Pesa before applying.

Mobile Money Loan

M-Shwari Loan

Safaricom M-Pesa

Last updated: October 29, 2025

Reviewed byPesaMarket Research Team

|Last verified: Oct 29, 2025

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Interest Rate

7.5% p.a.

Loan Amount

Ksh 100 - Ksh 1,000,000

Approval Time

Instant (0-30 seconds)

Processing Fee

None

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Pros & Cons

Pros

Instant disbursement (seconds)
No paperwork
Available 24/7
No processing fees
Builds loan limit with repayments
Trusted by millions of Kenyans

Cons

30-day repayment only (no flexibility)
7.5% monthly rate (90% APR)
Requires M-Pesa account
Auto-deduction from M-Pesa balance

Expert Analysis

M-Shwari revolutionized access to credit in Kenya as one of the first mobile-only loan products. Integrated directly into M-Pesa, it offers instant loans based on your savings and M-Pesa transaction history. The 7.5% monthly facility fee (not interest rate) translates to approximately 90% annual rate, making it expensive for longer-term borrowing. However, for short-term emergency cash needs under KES 50,000, the convenience is unmatched. Loan limits grow based on consistent saving and timely repayment. The 30-day term forces quick repayment, preventing debt accumulation but limiting flexibility.

Best For

Emergency cash needs under KES 20,000
Building credit history for first-time borrowers
Short-term cash flow gaps before payday
Small business owners needing quick stock financing
Situations where bank access is unavailable

Common Rejection Reasons

No M-Shwari savings history
Previous M-Shwari loan in default
Inactive M-Pesa account (low transaction volume)
Multiple bounced loans from other Safaricom products
SIM card registered less than 6 months

How It Compares

M-Shwari is more expensive than bank loans but infinitely more accessible. Against Fuliza, M-Shwari is better for planned borrowing while Fuliza suits overdraft-style needs. Compared to Branch/Tala, M-Shwari offers lower limits but requires no app download.