Wednesday, February 28, 2024
HomeBusinessBankingThe M-Shwari 52 Week...

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

- A word from our sponsors -

Most Popular

Previous article
Next article

More from Author

KUPPET Questions Government Directive For Parents To Pay Schools Fees E-Citizen Platform

KUPPET opposes the Government directive for parents to use eCitizen platform to pay...

List of The best AC Repair Companies in Nairobi, Kenya

List of The best AC Repair Companies in Nairobi, Kenya. Air...

LIST OF PROGRAMMES OFFERED AT KAIMOSI FRIENDS UNIVERSITY

LIST OF PROGRAMMES OFFERED AT KAIMOSI FRIENDS UNIVERSITY. Kaimosi Friends University...

- A word from our sponsors -

Bridging Cultures, Building Futures: The Kiige and Emmanuel Initiative for Immigrant Empowerment in Canada

In the heart of Canada's multicultural landscape, Duncan Kiige and Emmanuel, both celebrated public speakers with immigrant backgrounds, have become symbols of hope and transformation for new immigrants. Their recent conference on career and personal development marked a significant milestone in their mission to empower newcomers with...

UGANDAN FIRST LADY AMAZED BY HAMZ NAKIVUBO STADIUM DEVELOPMENT WORKS BY HAMIS KIGGUNDU.

The NRM government is very proud to see the example of our young people begin to build Uganda by putting up projects such as this one. We congratulate Ham Kiggundu for this excellent jobKAMPALA UGANDA| As sports lovers countdown to 2027 when the Nakivubo-based Hamz Stadium will...

Raila’s search for a post with the AU Commission could be a suitable trapdoor or departure.

In Kenyan politics, Raila Odinga has long been a mystery. His international performance? Even when the African Union designated him, he remained debatable.But he said on Thursday that he would run for the position of Chairperson of the African Union Commission. One diplomat tampered with his first...

Court Finds Jowie Irungu Guilty of Monica Kimani’s Murder

In a landmark ruling, Justice Grace Nzioka declared Jowie Irungu guilty of the murder of Monica Kimani. According to Justice Nzioka, the evidence presented convincingly establishes Jowie's culpability in the crime beyond a reasonable doubt.Highlighting the sequence of events, Justice Nzioka outlined how Jowie, armed with a...

KUPPET Questions Government Directive For Parents To Pay Schools Fees E-Citizen Platform

KUPPET opposes the Government directive for parents to use eCitizen platform to pay school fees calls for clear public participation, legislation and policy framework.KUPPET national officials have opposed the move by Government to force parents to use eCitizen platform to pay school fees saying it will be difficult for...

List of best Audiology Services in Nairobi, Kenya

List of best Audiology Services in Nairobi, Kenya. The word audiology is made up of two roots: Audio and Logy. ‘Audio’ refers to ‘hear’ and ‘logy’ to ‘the study of’. In essence, audiology is the study of hearing - as the inner ear is also required...