How To Pay Mshwari Loan For Another Number

Learn how to pay off Mshwari loans for friends and family, the benefits of timely repayments, and how Mshwari loans can improve financial flexibility.

Mar 25, 2023 - 20:33
How To Pay Mshwari Loan For Another Number
How To Pay Mshwari Loan For Another Number

As we navigate life's ups and downs, there may come a time when we wish to lend a helping hand to our friends and family members in need. One such way is by assisting them in paying off their Mshwari loans. In this comprehensive guide, we will explore the ins and outs of Mshwari loans and the step-by-step process of paying off a loan for someone else. Furthermore, we will discuss the benefits of timely repayment and how Mshwari loans can provide financial flexibility.

Mshwari loans offer a convenient way for individuals to access quick funds, and repaying these loans on time can significantly increase one's borrowing limit. With a 20% discount on the facility fee for early repayment, Mshwari incentivizes users to pay off their loans as soon as possible. Additionally, users can enjoy a flexible payment plan, allowing instalment payments over 30 days.

Despite Mshwari loans' advantages, the platform does not have a direct method for repaying loans for another number. However, this guide will present a workaround to help you pay off your loved one's Mshwari loan, ensuring their financial stability and peace of mind.

Section 1: How to Pay a Mshwari Loan for Another Number

1.1 Sending Money via Mpesa

To pay a Mshwari loan for another number, you must first send the required funds to the holder's Mpesa account. To do this, follow these steps:

  • Open your Mpesa menu.
  • Select the "Send Money" option.
  • Enter the phone number of the person whose Mshwari loan you wish to pay.
  • Input the amount to be sent.
  • Enter your Mpesa pin and press "OK."

1.2 Guide the Loan Holder Through Repayment

Once the loan holder has received the transferred funds in their Mpesa account, they can pay off their Mshwari loan. To do this, they must follow these steps:

  • Access the Mpesa menu on their mobile device.
  • Choose "Loans and Savings."
  • Select "Mshwari" and then the "loan" option.
  • Click on "Pay Loan."
  • Choose "Mpesa" as the payment method.
  • Enter the payment amount and Mpesa pin, then press "OK."

Section 2: Frequently Asked Questions

2.1 Can I repay a Mshwari loan using a different phone number?

No, since each Mshwari account is linked to a specific phone number, you must first transfer the money to the number associated with the Mshwari loan via Mpesa.

2.2 Is there a Pay Bill option for Mshwari loan repayment?

Unfortunately, there is no Pay Bill option for Mshwari loan repayment. You must follow the steps outlined in Section 1.2 to repay the loan.

2.3 How do I check my Mshwari loan limit?

You can check your Mshwari loan limit using your sim toolkit or the USSD code *234#. Follow the prompts to access your loan limit information.

2.4 How do I apply for a Mshwari loan?

To apply for a Mshwari loan, you must be a Mpesa subscriber for at least six months, frequently save on Mshwari, and have a positive credit score. Follow these steps to apply:

  • Access the Mpesa menu on your mobile device.
  • Select "Loans and Savings."
  • Choose "Mshwari."
  • Click on "Loan" and then "Request Loan."
  • Enter the loan amount you wish to borrow.
  • Confirm the details, input your Mpesa pin, and press "OK."

Section 3: Benefits of Timely Mshwari Loan Repayment

3.1 Improved Credit Score

Repaying Mshwari loans on time can positively impact your credit score. A good credit score increases your chances of getting higher loan limits and more favourable loan terms.

3.2 Increased Loan Limits

Mshwari uses a customer's repayment history to determine loan limits. Timely repayments can result in higher loan limits, providing more financial flexibility.

3.3 Lower Facility Fees

As mentioned, Mshwari offers a 20% discount on the facility fee for early repayment. This discount can help borrowers save money on interest payments.

3.4 Better Financial Reputation

Paying off loans on time demonstrates financial responsibility and discipline, which can be beneficial when applying for other credit facilities or negotiating with lenders.



Assisting friends and family members in repaying their Mshwari loans can provide them with the financial stability and support they need during challenging times. Following the steps outlined in this guide, you can help your loved ones pay off their Mshwari loans and enjoy the benefits of timely repayments. Remember, while Mshwari loans can offer quick financial relief, it's essential to use them responsibly and prioritize repayment to maintain a healthy credit score and access better financial opportunities in the future.

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Joseph Richard Joseph is a graduate of Mathematics and Computer Science (Applied Option). With expertise in Technology and Finance, he brings his knowledge to the field, demonstrating an authoritative understanding of these interrelated areas. Joseph is pursuing a Master's in Software Engineering, further expanding his skill set.