Dec 1, 2012

How M-Shwari determines your credit score

M-PESA users can sign up to the M-Shwari interest bearing savings account or apply for micro loans, provided by CBA, directly through the M-Pesa menu on their phone.  If successful, the loan money is sent by CBA to your M-Pesa account immediately.

So how does CBA know how much loan to give you?


The M-Shwari system is connected to a Government of Kenya database to enable real-time Know Your Customer (KYC) verification during customer sign up, and uses a credit score algorithm based on your credit history as well as usage of M-PESA and other  Safaricom products, to determine your loan eligibility and maximum loan amount.