What would you do if you could walk away with a few millions in your pocket? Start a business, travel abroad, buy your dream car, pay school fees, there’s a lot left to the imagination. Just in case you were hopeful about scoring a house in Mpesa’s last Lipa Na Mpesa promotion, and never saw the day come, here’s your chance to go at it again, and win a ton of money. Safaricom and CBA have launched a 45-day consumer promotion, called Stawisha Na M-Shwari to reward customers on their exclusive mobile savings and loans product M-Shwari. The competition will see 4,800 winners win more than KSh. 50 million over the next 6 weeks.
The competition will see lucky users of M-Shwari, or those with money on their Lock Savings account, who have cleared their loans, possibly win millions. The promotion which kicked off on Tuesday will have one winner walk away with a grand prize of Kshs 5Million. There will also be one weekly winner of Kshs 1Million, 50 weekly winners of Kshs 100,000 on M-Shwari deposits of upto Kshs 50 with no withdrawal during the week and 100 randomly selected customers daily will have their M-Shwari savings doubled during the promotion.
With upto 14 Million customers to date, the competition seeks to encourage new users to join and save on M-Shwari. The Stawisha Na M-Shwari promotion, aims to increase awareness about the product and encourage all our customers to save on M-Shwari and improve their financial well-being in the long term. This will hopefully boost the savings culture in Kenya which is relatively low and rates at about 12% to 15 % of GDP. M-Shwari allows customers to save as little as Kshs 1 and accumulates annual interest at a rate between 2-5 per cent on their savings. In addition, users are able to instantly access their savings. Also one can enjoy the flexibility to easily move funds back to M-PESA when needed. If you’d like to deposit more money than the Mpesa limit, being Kshs 300,000, M-Shwari offers more flexibility.
With loans amounting to over of Kshs 90 billion have been disbursed at an average of 50,000 loans processed per day, M-Shwari is the on the go financial assistant, that could help you out with a little extra money wherever you are.