">
TechMoran
  • About Us
  • Deals
  • Jobs
  • Motoring
    • Money
  • Pitch Your Startup
  • Submit Your Post
  • Freelance Gigs
  • Travel
  • Men’s Corner
  • Dating
Sunday, January 24, 2021
  • Startups
  • Reviews
  • Insider
    • Obituaries
  • Business
  • Women
  • Blockchain
  • Columnists
  • Hacks & Facts
    • How To
  • Editions
    • US Edition
    • India Edition
    • MENA Edition
    • Asia Edition
    • Europe Edition
    • International Edition
No Result
View All Result
TechMoran
">
Home Telcos

M-Shwari Starts Offering Loans to Kenyans to Buy Smartphones

Caroline Vutagwa by Caroline Vutagwa
6 years ago
in Telcos
4 min read
0

Related posts

safaricom

Safaricom Issues Serious Changes They Will Be Making In 2021

December 21, 2020
0

Scammers Are Back With A New Festive Plan To Steal Money From You Using Safaricom

December 18, 2020
0

Rwanda’s Biggest Mobile Provider Runs To Government For Help After Facing Serious Competition From Airtel

December 17, 2020
0
Wole Abu, CEO Liquid Telecom and ADC Nigeria

Liquid Telecom appoints Wole Abu as CEO for Liquid Telecom and its new Africa Data Centre in Nigeria

December 14, 2020
0

Smartphone

 

Every Kenyan can now own a smartphone, thanks to Safaricom’s M-Shwari in partnership with phone manufacturers; which will enable M-Shwari customers to borrow loans to buy smartphones and tablets at the Safaricom outlets.

Customers will be able to get phones ranging from between Ksh. 1000 to Ksh. 50000 on selected mobile devices from Huawei, Tecno, LG and Samsung.

One must be an M-Shwari customer to eligible for the loan, the customers will deposit 30 percent of the device cost to the M-Shwari savings account before getting the loan and pay the balance within six months. Together with the total amount of the device price, customers are subjected to a fee of 15.6 percent.

For every overdue loan instalment, defaulters will be charged Ksh. 200  or a possibility of the Telco company to discontinue a defaulter from calling or sending SMSes, using data services and obtaining Okoa Jahazi airtime, and ultimately disabling the device.

This move is to encourage people to use data services as currently Safaricom is looking at making money through its recently upgraded data services. The telco spent Ksh400 million to subsidise smartphones and tablets in the year ended March 2014 that increased its Internet subscribers to 3.1 million, boosting data sales.

READ  Safaricom customers in Nairobi experience outage

Apart from data sales the Telco made Sh4.9 billion in the year from sale of handsets.

According to Safaricom, breaking the price barrier jointly with handset manufacturers has enabled the growth of the number of smartphones in our network to 3.1 million this year from just over 400,000 in 2012.

The telco giant, which has 21 million subscribers, also said it has about 400,000 active modem users and 120,000 tablet users who consume data on the go.

Readers 2,206

Share

  • Click to share on Telegram (Opens in new window)
  • More
  • Click to share on Tumblr (Opens in new window)
  • Click to print (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Pinterest (Opens in new window)
  • Click to share on Reddit (Opens in new window)
  • Click to share on Pocket (Opens in new window)

Like this:

Like Loading...

Related

Tags: Safaricom
Caroline Vutagwa

Caroline Vutagwa

Minding my own business is not enough for me that's why you will always find me minding Africa's Businesses as well as Technology and of course letting you know about it. Talk to me on [email protected]

Related Posts

safaricom
Telcos

Safaricom Issues Serious Changes They Will Be Making In 2021

December 21, 2020
0
Telcos

Scammers Are Back With A New Festive Plan To Steal Money From You Using Safaricom

December 18, 2020
0
Telcos

Rwanda’s Biggest Mobile Provider Runs To Government For Help After Facing Serious Competition From Airtel

December 17, 2020
0
Wole Abu, CEO Liquid Telecom and ADC Nigeria
Leadership

Liquid Telecom appoints Wole Abu as CEO for Liquid Telecom and its new Africa Data Centre in Nigeria

December 14, 2020
0
People

MTN’s Oliver Fortuin to take over as SEACOM Group CEO as Byron Clatterbuck resigns

December 10, 2020
0
Telcos

Airtel Kenya, Nokia Establishing 5G Network

December 2, 2020
0
mpesaglobal
Telcos

M-Pesa May Soon Be Forced To Split From Safaricom And Work Independently

November 20, 2020
0
Business

Safaricom CEO creates new positions, merges others in a consolidation move

November 18, 2020
0

https://bit.ly/2VOxuoBhttps://bit.ly/2VOxuoBhttps://bit.ly/2VOxuoB
ADVERTISEMENT

Join our Mailing List

Loading

Recent Posts

Finnfund & Norfund double Starsight’s funding to $20 million for Ghana expansion

January 23, 2021

African tech startup funding passes $700m in 2020 despite COVID-19

January 23, 2021
Toshiba

Chrome Now Helps You Change Weak Passwords

January 23, 2021
Toshiba

Shoppable Ad Formats Are Coming Soon To Youtube

January 23, 2021

Hero MotoCorp Surpasses the Monumental 100M Cumulative Production Milestone

January 23, 2021
">
">

Follow Us

">

There are many sites out there focused on blowing off some steam, from funny entertainment to thrilling experiences like playing online, in some cases online gaming could grant you the chance to win extra money. We came across rocketpot.io while browsing for a good btc casino online and it left us a very good impression with their wide variety of games and crypto offering.

Privacy & Cookies: This site uses cookies. By continuing to use this website, you agree to their use.
To find out more, including how to control cookies, see here: Cookie Policy

© 2019 Moran Media Group - All rights reserved TechMoran.

No Result
View All Result
  • Startups
  • Reviews
  • Insider
    • Obituaries
  • Business
  • Women
  • Blockchain
  • Columnists
  • Hacks & Facts
    • How To
  • Editions
    • US Edition
    • India Edition
    • MENA Edition
    • Asia Edition
    • Europe Edition
    • International Edition

© 2019 Moran Media Group - All rights reserved TechMoran.

Login to your account below

Forgotten Password? Sign Up

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
%d bloggers like this: