MShwari is a loans/savings platform launched through the partnership of Safaricom and NCBA bank. 

The service is accessible to all Safaricom subscribers with active M-Pesa lines which they can use to borrow loans in addition to saving towards a particular goal via the ‘MShwari lock savings’ account.

To activate the Mshwari service,

Navigate to SIMtoolkit
Select ‘M-Pesa’
Select ‘Activate/Wezesha’

By doing this, one is able to apply for MShwari loans that range from a minimum of Ksh1,000 up-to a maximum of Ksh1M charged at 9% for a 30-day period.

However, approval of MShwari loans is subject to a variety of factors whereby loan limits are assigned on an individual basis.

How To Check MShwari Loan Limit 2022

Currently, there are 3 options with which one can use to check MShwari loan limit. These include;

1. Via MySafaricom App

Download, install and launch the MySafaricom app [ Playstore / Appstore ] Click on the ‘M-Pesa’ icon at the bottom of the screen
Tap on ‘Loans & Savings’ to reveal the MShwari loan limit.

2. Via M-Pesa App

Download, install and launch the M-Pesa app [ Playstore / Appstore ] Click on ‘MShwari’ to launch the MShwari mini program
The MShwari loan limit will be displayed

3. Via SIMtoolkit

Go to M-Pesa menu
Select ‘Loans & Savings’
Select ‘MShwari’
Select ‘Loan @9% for 30 days’
Select ‘Check loan limit & fees’
Enter M-Pesa PIN

4. Via Ussd code *234#

Dial *234#
Select option 4: Loans and Savings
Select option 2: MShwari
Select option 3: Loan@9% for 30 days’
Select option 3: Check loan limit & fees’
Enter M-Pesa PIN

Why Is My MShwari Loan Limit Zero?

Upon consideration of various individual factors by the MShwari systems, a loan limit is assigned. However, there are instances upon which the system allocates a zero limit.

Below are some of the reasons leading to the aforementioned outcome.

1. Minimal M-Pesa duration

One of the eligibility requirements for receiving an MShwari loan is that an applicant should be an M-Pesa subscriber for a minimum period of 6 months.

This averts the possibility of opportunistic individuals registering for multiple loans without the intention of repaying them back.

2. Lack of MShwari savings

In order to improve the chances of increasing the MShwari loan limit, one is advised to save regularly on MShwari.

Note: However, this does not translate to receiving an equivalent loan limit to MShwari savings.

3. Minimal M-Pesa transactions

Regularly using M-Pesa services such as sending/withdrawing, airtime purchases, Lipa na M-Pesa etc. denotes an active account as well as financial ability to make repayments.

4. Late repayments

MShwari loans have a repayment period of 30 days with an extension period of a further 30 days attracting similar fee of 9%

Frequent late repayments may result in reduction of loan limits and possible penalties upon default.

5. CRB blacklisting

Another reason why MShwari loan limits may be zero is due to loan defaults resulting in being blacklisted by the credit reference bureaus.

Being blacklisted by CRB denies the possibility of accessing future loans from lenders.

6. Low usage of other Safaricom services

In-order to increase MShwari loan limit, other Safaricom services such as voice and data are taken into account. This is such that frequent usage of these services imply an active Safaricom line.

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