1m to Mpesa?

Of course not,those are just marketing stories.
Actually this KCB thing might be more expensive when you consider account-mpesa charges.

I saw this and wondered where is the product because what was on offer didn't look like a product unless the two esteemed institutions presumed the audience were monkeys in a financial zoo!! You cant call a 24% loan a product when you are also suppossed to save compulsorily and earn 6%.

Financial literacy must be too low for one to buy this. pity those who have to push the product.

@Kausha you dont have to save to qualify, though saving increases the loan limit you qualify for.

@Radio, what i meant is ..... in mshwari once you request for the loan and its is approved, the funds are deposited directly to your mpesa account. Whereas in the KCB *844# loan system, they first create a KCB-Mpesa account where the funds are held. You must transfer manually to your mpesa account. For amounts above 50k, you will have to open a KCB account where you will still need to transfer the funds to from the KCB-Mpesa account.

@streetwise .... imagine even .1% per day is still high - reapoff!

@all........... for one off emergencies for small amounts of upto 20k, better than shylocks!!!