Stawika Hits 217 Million Shillings in Loan Disbursement

Kenya’s mobile loan sector has continued to expand as Kenyans increasingly take up loans from the platforms.

Stawika mobile app has announced that it has hit 217 million shillings in loan disbursement as at the month of July.

The growth has been attributed to the great analytics that has been incorporated into the operational systems by the company to see grass root lending to their customers.

The Stawika mobile loan platform serves a variety of customers ranging from those with emergencies, small businesses, short micro-contracts to those with side hustles who may need funds to cater for different needs.

From those who have had an experience with the platform, they can attest that the convenience that comes with the App is on another level.

Just think of this: you are in dire need of money, it is mid-month and the only source of income that you depend on is your monthly salary. Being a resident of Nairobi County, you have to make ends on a daily basis.

Mid-month is a time when most people, especially the low-income earners strain a lot since they may have exhausted the little that they earned as salary the previous month, but all in all, one has to learn how to survive as they wait for end month.

Stawika comes in handy in such an instance, and this is how; one is only required to own a smartphone and have access to the internet. After downloading the App from Google Play Store, one will have to install it, register then borrow money.

The interesting bit is that the App automatically evaluates mobile phone data as well as other factors to assign loans and this process takes less than 5 minutes.

As time goes by and one is able to pay their loan on time, their loan limit grows. In all these stages, there is no paperwork involved nor any complications.

Like any other startup, Stawika has grown to efficiency and strives to grow deeper into the micro settings with a promise to its diverse customers who require digital empowerment as a tool to financial freedom.