Stawika loan app is a product of Stawika Capital Limited and aims to help any person with an active Mpesa line, above 18 years and with a national ID to access emergency loans in less than 5 minutes upon installation of the app.
Existing Stawika customers (those already registered on the app) can also borrow or repay Stawika loan through the Stawika Loan App USSD code *872#.
Stawika interest rate is between 7% and 21% depending on the amount borrowed and the repayment period. Stawika allows you to borrow from as little as Ksh. 500 to a maximum of Ksh. 70,000.
How to Download Stawika App and Apply for Loan
Here is how to download, register and apply for a loan:
Search for Stawika loan app from Google Play Store and install it
Open the app and accept the terms and conditions after thorough reading
Enter your M-Pesa phone number
Next, enter the OTP verification code just sent to the phone number you have given
Set your password or PIN and confirm in the next textbox
Now, key in your personal details required (names as on ID card)
Next, you will be required to enter the next of kin phone number
To apply for a loan, first, sign in using the password and phone number you registered with
Next press the View Loan Limit button
You can now borrow according to your loan limit
The money will be sent directly to the M-Pesa number you provided