Mobile lending has become a very popular practice in Kenya. Its growing popularity and easy accessibility, has led to a boom in the number of mobile loan services available in the country, as a direct response to the ever growing demand present in the country.
One of such mobile loan services available in Kenya, is Stawi and in this festive season, this information might just come in handy.
Stawi provides quick and convenient loans to owners of Micro, Small and Medium Enterprise (MSMEs) businesses.
What You Should Know About Stawi Loans
Below are certain things you should know about Stawi i.e, the features as well as the requirements for your loan application:
- Stawi requires all its users to be registered with a Stawi agent, before gaining access to any loan. This approach is rather different from what is usually employed by loan providers in Kenya.
- Registering with a Stawi Agent will enable you specify your wallet.
- Stawi Agents are also bank agents of Commercial Bank of Africa (CBA), Diamond Trust Bank (DTB), KCB Mtaani, Coop Kwa Jirani, and NIC Bank.
- You must be residing in Kenya in order to be eligible for a loan from Stawi.
- Stawi users can only access unsecured loan amounts of between 30,000 Kenyan Shillings to 250,000 Kenyan Shillings.
- All Stawi loans come with an interest rate of 9% (9 percent) per year.
- All Stawi loan applications are only done via the Stawi Loan app.
- You must have an Android mobile device that can successfully download and install the Stawi mobile app.
- As with all other loan providers in Kenya, a good repayment history will ensure that you will qualify for bigger loans from Stawi.
- You must have a Kenyan ID or Passport number.
- Your loan once approved, will be sent directly into your Stawi account wallet.
How To Apply For A Stawi Loan Via The Stawi App
To apply for a Stawi Loan via the Stawi mobile app, simply:
- Go to Google Play Store on your android device and search for ‘Stawi’. Alternatively, you can download the Stawi Mobile app via this link: https://play.google.com/store/apps/details?id=stawi.cba.com.stawiapp
- As soon as you are done downloading the Stawi application on your android mobile device, proceed to install and launch the application.
- Next, proceed to apply for your Fadhili loan.
- Proceed to submit.
Please keep in mind that the repayment duration for a Stawi Loan is from 1 month to 12 months (1 year).
However, you do not need to finish paying your current loan before applying for a new one. As long as as you have paid up to 80% of the current loan.
How To Contact The Stawi Customer Care Service
If you are however in need of further assistance from Stawi, please feel free to reach out to the loan provider’s customer care via the following channels:
- Their official Phone Numbers: +254709714999 and +254730714999
- Their official email address: help@stawi.ke
