Stawika Loan App is a mobile to Mpesa loan app, fintech.
This far the app is authentic and is not a scam.
Customer support is however a forgotten aspect with the app. Anyway the app have a simple interface with a straight forward solution: Offering affordable loans
How to become a Stawika customer
Getting started with Stawika is simple and fast. Once you download the Stawika app all you have to do is:
1. fill in your details to get verified. This includes your Name: as per the National ID, ID number, Email, M-Pesa verified Mobile number. Well that’s it
2. Get a credit limit by accessing the View Your Loan Limit
3. Choose an Amount on the qualified limit – / + and Apply by tapping Next Button.
Confirm your Loan details: Total Amount, interest, repayment period and Service Fees.
Tap on the Send Money to get cash sent directly to your M-Pesa phone number in 5 minutes
Stawika Loan App Loan Terms
Customers can a loan product with loan terms between 61 to 90 days.
• 60 day loan products have a one-time fee of 10-25%*
• 90 day loan products have a one-time fee of 15-35%*
Cost Calculation Example
Ksh 1,000 borrowed at 25% fee for 61 days, should be repaid at Ksh 1,250.
The app is somehow unstable with bugs or fund despatch limitation.