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Home Business Banking

The M-Shwari 52 Week Challenge

by Nyongesa Sande
3 years ago
in Banking
Reading Time: 2 mins read
A A
The M-Shwari 52 Week Challenge

The M-Shwari 52 Week Challenge is a saving program that aims at cultivating a saving culture among Kenyans through the easy to use M-Shwari service. 

The aim is to reach the achievable amount of KSHs.68,900 by spreading it throughout the year. This makes it easier for you as the saving amount increases gradually.

 How it works

Starting week 1, deposit your savings on M-Shwari starting with KSHs.50, then KSHs.100 the next week, KSHs.150 the week after that and so on and so forth, until the last week of December where you will save KSHs.2,600, and your savings will add up to KSHs.68,900.

M-Shwari ensures the saved amount is safe and easy to deposit. The weekly savings also lead to your loan limit increasing and all deposits on M-Shwari will earn interest of 6% p.a.

How to set up M-Shwari Lock Savings Account for the #52Week Savings

  • Go to M-PESA on MySafaricom App or from your sim tool kit
  • Select Loans and Savings.
  • Select M-Shwari.
  • Select Lock Savings Account.
  • Select Open Lock Account.
  • Set your target at min Ksh. 68,900 or more.
  • Set period at 12 months (The enhancement has been done from 6-12months).
  • Set your account to save from M PESA or M-Shwari.

Every week, all you have to do is go to the M-Shwari Lock Savings Account menu, and deposit the amount that is set for the week, as per the #52Week Savings saving calendar. 

To check your saved amount

  • Go to ‘M-PESA’ menu and select ‘Loans and Savings’.
  • Select ‘M-Shwari’.
  • Select ‘Check Balance’.
  • Enter M-PESA PIN
  • Confirm the message displayed
Post Views: 88
Tags: M-Shwari 52 Week Challenge
Nyongesa Sande

Nyongesa Sande

Nyongesa Sande is a seasoned writer, editor, and digital publisher passionate about delivering high-quality, SEO-optimized content across diverse fields including politics, technology, culture, business, and sports. As the founder and driving force behind NyongesaSande.com, he has built a trusted platform that blends in-depth reporting with accessible storytelling, making complex issues understandable to a broad audience. With a strong background in East African and global affairs, Sande is dedicated to providing readers with accurate, engaging, and impactful insights that both inform and inspire.

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