3 Easy Ways to Increase Your Mshwari Limit

Safaricom, the telecommunications giant, offers the paperless banking service known as Mshwari through its M-Pesa platform. This innovative service allows individuals to open and manage a Maari bank account directly from their mobile phones using M-Pesa.

The noteworthy aspect of Mshwari is its convenience—there’s no need to physically visit a bank to initiate an account, a feature that has contributed to its widespread adoption in the country.

Additionally, Mshwari offers competitive interest rates, particularly lower than those typically found in the market. Presently, the interest rate stands at a reasonable 7.5 percent.

For those seeking to elevate their loan limit from its current level to a higher amount, a few strategic steps can be taken:

Credit Usage Evaluation: Mshwari assesses your credit spending patterns as a basis for determining your loan limit. This entails examining your daily credit recharge and the subsequent utilization of these funds. Therefore, to enhance your loan limit, an effective strategy would involve augmenting your daily credit usage.

M-Pesa Activity Boost: Increasing the frequency of your transactions on M-Pesa is a key factor in elevating your Mshwari loan limit. Mshwari analyzes the amount of money you send and receive each day, as well as the frequency of these transactions.

Thoughtful Savings: Mshwari takes into account your financial engagement with their platform. This involves assessing your savings history, the volume of your transactions, and the duration for which you retain funds before they finalize your loan limit assessment.

In essence, Mshwari’s loan limit determination is influenced by your credit usage, M-Pesa transaction activity, and your saving habits. By thoughtfully managing these aspects, you can effectively increase your loan limit for enhanced financial flexibility.