Commercial Bank of Africa (CBA) and Safaricom today mark the 5th anniversary of M-Shwari. The mobile savings and lending platform has been in existence since 2012 and has so far enrolled 21.1 million Kenyans, with over Ksh. 230 billion being disbursed in loans over the 5 years. Currently, the savings are at over Ksh. 12.6 billion.

As part of its celebration, from next week, M-shwari will reward customers who have shown good savings and loan repayment habits with improved pricing on their loans. Customers who pay their loans within 10 days will enjoy a rebate on the facility fee which is 7.5%.

In addition to the pricing improvements, M-Shwari will also be accessible from the MySafaricom App from January 2018.