Kenyans React to Widespread Increases in M-Shwari Loan Limits After Refreshing Accounts

On Thursday, October 22, several users shared their experiences online, with one X user, Adele (@Adele_lide), saying her refreshed limit showed that she qualified for a Ksh12,000 loan.

“Almost everyone is being given a loan today,” she wrote.

Other users shared messages showing loan approvals, while some encouraged customers to refresh their limits through the M-PESA menu.

Lenkuna Letela Ledama Jnr posted instructions on Facebook advising customers to dial *334#, select Loans and Savings, choose M-Shwari and then select the option to refresh their limits.

“Your M-Shwari loan has been approved on 22/10/26 12:20 PM, and Ksh5,910.00 less excise duty has been deposited to your M-PESA account,” he posted part of the message.

Another user, Benedict Musyoka Kiluma, also shared similar instructions, telling customers to wait for a confirmation message after completing the process.

M-Shwari is a savings and loan service that allows M-PESA customers to save money and access credit through their mobile phones.

According to Safaricom, customers can save from Ksh1 and earn interest of up to 6.3% per annum on their savings. Eligible customers can access loans ranging from Ksh100 to Ksh50,000, repayable within one month.

To qualify for an M-Shwari loan, customers must:

Also Read: How M-Shwari Recovers Loans Borrowed on Recycled Phone Numbers

Consistently depositing money into an M-Shwari savings account can help demonstrate a customer’s saving habits and may improve their eligibility for a higher loan limit.

Regularly using M-PESA to send money, pay bills and purchase airtime can contribute to a customer’s activity profile.

Repaying M-Shwari loans by the due date can help build a positive repayment history. Customers should also manage their other credit obligations responsibly.

Also Read: Fuliza-Style Lending Explodes as Digital Loans Hit Ksh110 Billion

Regular use of a registered Safaricom line and M-PESA services can help maintain eligibility for mobile credit products.

Customers can check their M-Shwari loan limits through the M-PESA menu:

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Janeffer Katila is a dedicated journalist known for her investigative skills, commitment to truth, and ability to inspire change. She excels in uncovering impactful stories, connecting with sources, and crafting engaging narratives that drive societal improvements. She has cultivated her storytelling skills and developed a talent for creating content that is both accurate and compelling. Her work is characterized by accuracy, fairness, and a passion for social justice. She holds a bachelor’s degree in journalism and mass communication from Kibabii University. She can be reached at [email protected]

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