Over half of the Kenyan population relies on loans to make ends meet. A survey by Reel Analytics revealed that 55 out of every 100 Kenyans surveyed had acquired loans from digital lending platforms. The survey noted that most Kenyans prefer digital platforms because they are easily accessible and remit loans faster.....CLICK HERE TO READ THE FULL ARTICLE>>>
M-Shwari, offered by Safaricom and Kenya Commercial Bank (KCB), is one of the platforms borrowers use. One such Kenyan is Kadoneza Junior, who hilariously asked Safaricom to increase his M-Shwari limit so that he could use the money to pay his dowry.
In a comment under a post by Safaricom on Facebook, the man revealed he wanted to get married but had limited funds. “Safaricom PLC, I want to marry, but I don’t have a dowry. Can you increase my M-Shwari limit, please, so that I can do so,” Junior wrote.
“Save regularly on M-Shwari, use M-Pesa, data, voice and repay your loan in time, including Okoa Jahazi. Once reviewed, you’ll be advised via SMS,” Safaricom explained.
In related news, a Kenyan man raised concerns over KSh 0 loan limit he had been receiving from Safaricom M-Shwari and KCB M-Pesa loan facilities. The man lamented that for the last five years since he repaid his last loan balance, the company has yet to allocate another limit.
The company revealed it had set a loan limit reinstatement promotion for select defaulters once they clear their loans. The majority use Fuliza M-Pesa, an overdraft loan facility offered by Safaricom, mostly to complete transactions in case of limited funds.
However, those unable to access the loan raised concerns over the time they have spent with Safaricom lines without being allocated the limit….CLICK HERE TO READ MORE ARTICLE>>>
