How to qualify for mshwari loan?
To qualify for an M-Shwari loan, you will typically need to meet the following requirements:
Be a registered M-PESA user: You will need to have a registered M-PESA account in order to apply for the loan.
Meet the age requirements: You must be at least 18 years old to qualify for the loan.
Be a Kenyan citizen: You will need to provide proof of Kenyan citizenship in order to apply for the loan.
Have a good M-PESA transaction history: M-Shwari will check your transaction history to determine your creditworthiness. A good transaction history may increase the chances of being approved for a loan.
Provide necessary documentation: You will need to provide the necessary documentation such as ID card, and proof of income.
It's important to note that M-Shwari may change their requirements and criteria for loan qualification. It's best to check with the lender directly for specific qualifications and requirements for the loan you are interested in. Additionally, M-Shwari loan availability may also depend on the amount of savings you have in your M-Shwari account, the higher the savings the higher the chances of getting a loan.
