Friday, March 27, 2020

M-shwari Suspends CRB Listing

    March 27, 2020   No comments

M-shwari


M-shwari has suspended CRB listing till further notice, a move aimed at relieving borrowers the pain of paying loan during this hard times.

A product of NCBA and Safaricom, M-shwari is trying to be in line with the government's directive to stop negatively listing of borrowers with the licensed CRBs this Coronavirus outbreak.

Here are more of the measures taken by M-shwari This Coronavirus pandemic

Additional Facility Fee: Currently, this is charged if your loan is not paid within 30 days from the day you borrowed. This will now be charged if your loan is not paid within 60 days from the date you borrowed.
Loan access: Currently, if your loan is repaid after 60 days, we do not allow you to access an M-Shwari loan for 30 days. This will now be charged  and you will be allowed to borrow a loan immediately after repayment if the loan is repaid after 60 days,
Loan Limit: We will reduce your limit when your loan is still outstanding after 60 days (2  months).
Limit cancellation: Your limit will be canceled to 0 if your loan remains outstanding for more than 90 days (3 months). We will cancel your limit to 0 if your loan is still outstanding after 120 days (4  months).
CRB Listing: We will not list any customer on CRB until further notice.

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Mwabaya Katana

About Mwabaya Katana

Mwabaya Katana is a Finance Online Researcher and Writer.He is the founder of 'Loans Kenya' Blog.

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