Central Bank of Kenya (CBK) has launched a mobile loan app called Stawi in partnership with five Kenyan banks. Learn Below how it works and applications procedures.
What is Stawi?
Stawi is a mobile Loan app that offers unsecured financing to small and medium scale enterprises (SMEs) in Kenya. Stawi will be managed by Commercial Bank of Africa (CBA), Cooperative Bank of Kenya, Diamond Trust Bank Kenya (DTB), KCB Bank (Kenya and NIC Bank.
CBK appears to have made this move to rival the growing number of mobile loans companies in Kenya which are generating billions of money.
How to apply for Stawi Loan?
For one to apply and get Stawi Loan, you have to download the Stawi Mobile application provided by CBA. Follow the following procedures;
- Download App from: Stawi Loan on Playstore
- Login to the app after creating Account
- Got to MY LOAN TAB
- Request Loan
- Fill application details
- Accept Loans offer
NOTE: If asked for Activation code and PIN please be sure to check your email or use the contacts below.
To be among the 3500 traders who will benefit from the first round of Stawi loan that will be issued to SMEs on pilot test, register with an agent through any of the listed banks above.
Requirements of Getting Stawi Loan
Below are the requirements that you need to meet to get stawi loan;
- Registered Mobile Number
- Kenyan ID or Valid Kenyan passport
- email address
- You should have a business permit or registered business
- Your business should have been operating for a minimum of 6 months
- Your business should have a turnover of ksh. 30,000 to 250,000
What is the Maximum and Minimum loan offered by Stawi
You can request unsecured loan from Stawi ranging from from KSh30,000 up to KSh250,000. The amount of loan you can get depends on your credit score and limit.
Unlike other mobile loans like that issued by Branch, you can request for a second loan if you have managed to pay 80% of the first loan you owe Stawi.
What are interest Rates for Stawi Loan?
Stawi interest rates are 9% per year plus facility fee of 4%, insurance fee of 0.7% and exercise duty of 20% of facility fee. You are required to pay your Stawi loan within 1 to 12 months.
For detailed interest rates calculation visit: Stawi Interest Loan Calculator
NOTE 2: We will be updating this post for any changes.
How to Repay Stawi Loan
To repay follow the following procedures;
- Log in to the Stawi app
- click MANAGE tab
- Go to MY STAWI ACCOUNT
- then PAY LOAN.
Stawi Loan Contacts
You can reach Stawi through;
- Email: help@stawi.ke
- Phone Number: 0709714 999 or 0730714999
UPDATE: We have noted that most of the times calls using the above numbers go unanswered. Because currently the app is provide by CBA (prove photo below), you should reach them through: CBA Contacts.
PS. This post is brought to you by Muthurwa.com, a kenyan digital marketplace where you can make a living online through selling class notes, graphics, templates, quality photos, house plans, recipes, tutorials e.t.c and get paid via mpesa
Do not miss all our latest updates about Stawi Loans in Kenya
Lastly, do you have any question about this post or something else? We are responding. Ask us a question or register to join a community of thousands of members that receive latest education news.
Fidro says
I second you!
Collins says
smart
moses says
I am moses chege an I need a loan to buy a motorbike
Christopher says
I need loan
Patrick says
I opened an account successful but after ,told blocked what could be wrong
Eric says
Waiting to be credited for a week now
Elvis Nyakang'i says
They normally do delay. And with what is happening, it might take time.
John says
The loan as per the advertisement is online that the process takes five minutes of which is not,
Frank Rodgers says
Excellent app
Keep it up
To Kenyans, just follow the laid down procedure.
It was on a pilot phase, now fully rolled across Kenya with a pool of over 10 billions!
Good luck to smes !
Nathaniel says
Does the application help those who have business activities only ?? What about somebody who needs a loan to solving issues like fees or other important issues ??
Nathaniel says
Does the application of hell those who have it business activities.What about it solving issues like fees or other important issues with??
maxwel ochieng says
how can i contact you people because i have tried but have been failing i am from mathare huruma nairobi
Regiwas says
I registered with the app but no activation code yet.where do i get the code from?
Anonymous says
Can someone withdraw the cash from the app to mpesa after you register from the app?
Brian says
I Have downloaded the app and while trying to register am not able to proceed to the next step after inserting my date of birth details. Not able to see option for the next page. please advise.
thanks.
Rose Nderitu says
having the same problem in applying
Domenicah says
Is the app available on App Store
James says
My account as blocked and I need a loan
debora says
you came in githurai but before the week ended you were nowhere to be seen.i was told to wait for the next communication haven’t received any so am wondering what could be hindering stawi agents from coming back again
Bruno merez says
I applied and haven’t gotten a code since last week to access my loan
Victor mukundi N says
Just need refferal to the area agent for a code to activate my account.
Nairobi kasarani .
patrick says
Is it a must someone must wait for 72hrs?
Magdaline owino says
I going thru the same problem
David says
What of some of us whom we are in farming thereby we own no permit , are we out of this plan
Elvis Nyakang'i says
You must prove that you run a business and a business permit is the only option for SMEs
Patrick kiploman tuitoek says
Iam from Baringo county,
Kabarnet town.need to your agent.
Amos Otieno says
ive also tried to register but cant get the code,please keep on the que
chrispus wachira says
my stawi acc its reading(-56700)but have not yet confirmed the cash in my mpesa acc,no sms of money transfer from stawi acc to mpesa.what should i do please help.
Grace says
I applied two weeks ago but no activation code what could be the problem
Caroline midecha Kaduka says
Hi Caroline, this week, the Stawi team will be in Githurai near Co-operative bank and at the following locations in Gikomba; Country bus, Chief’s camp and near Co-operative bank Nacico building. Please note, Stawi DOES NOT charge for registration. Remember to carry your ID and business permit . my question is what if I want to use the loan to start a business do I still need bussiness permit..thank you in advance
denis says
its bias to people outside Nairobi coz when i log in it does not respond.
silas owiti owino says
useless for now.my stawi a/c read 56700 by now its nill!!
Joyce says
I have account already but I can’t get my loan limit
Sharon wavinya says
I have tried to register but isn’t working.. still no button to press when I reach the date of birth
Ezekiel kivuitu ndeto says
stawi loan,,,,,need loan for capital to start a business
Esther Wangari. Mugo says
After restrictions ad having account no. Wat next coz am unable to continue, plz help
Wycliffe Mairo says
for those who do not have smart phones how can they get the servises
Daniel kamau says
what happened something went wrong it’s the message I’m getting from the app
dancan says
I applied on 15th June and have not received any message yet please assist me
joseph says
small business owners have a reason to now to thank the banks under stawi now. But kindly let us know who your agents are, and where to find them.
Lillian nzomo says
Hi, where are the agents, have signed up but it requires a code from agent which I’m to be send through my email, but have not gotten it, kindly assist.
Sue says
I applied and got the account number but now I can’t log in why
Irene WAIRIMU kimani says
I have tried to fill in the personal and business details but in that part of ‘submit’ it’s not going through…please help
Atandi nyabiya says
I need the app
Esther Omaro says
I want a loan help me get it
Lucy wanjiru says
I applied for a loan,the money is in my stawi account but i cant withdraw or send it to my mpesa account,now the question is,is it a must i be registered by a stawi agent?its almost a month now since.how do i transact the money,send me an activation code.
Fridah kajuju says
My account is locked what system I can use to unlock my account please help
Michael wainaina says
where are customer care number
my account won’t send the money to my mpesa account
ELIZABETH W. KANINI says
Hi am a cybre attendant how can i be helping customers apply for the loan
Silas owiti owino says
i haven’t recieved an activation code and I’ve already visited the agent
George says
The system are not working, after submiting the information the system is not responding
Nick says
This is very good l have a business and l will apply soon the problem is that the app doesn’t open when you want to register.
Mike says
I have already applied for a loan but I can’t withdraw how now
kimani says
please help me with the app link or send me the app
Winnie kamau says
A question please I was trying to open an account but when asked about the license number I don’t have because have.What can I do
Diana wambui says
what is the procedure … please enlighten me
Janiffer munyilu says
I have applied and was given but it’s in stawi account how do I transfer the money to mpesa???
Edward Muchunu says
How can I unblock my stawi account
Martin mburu says
Send me activition code
denis karemi says
i don’t hav a smartphne hw kan I acses it
Epha. Nabusa says
Please I need this app, I need a loan urgently
Afrika says
Go to play store and search for stawi cba with a blue and red logo
Peter says
Who are the agent ND how can I get in touch with them
Kennedy owino says
I got the app from a friend but it can’t open. What could be the issue here please help…
jossy says
waiting for approval
Editor Kinyamasyo says
Am trying to apply bt i can’t access…ama imeisha
David Mwagwi says
Loan
Martin Njiru says
A step foward for kenyans, The idea will help in eradicating poverty in the society, cater for a day to day needs for a healthy generation…Good work GOVERNOR CBK….
David says
How much did u get ad plz tell me the procedure of the app
peter ndichu says
i can not get the app on play store. nani ako na link
Trizer mwai says
Hey pliz help me with the agent no coz I haven’t found any n am in need of the loan thanks!
David says
How do I get the App
OWITI SILAS says
stawi app doesn’t function
Esta says
How can I get the app? Can you send it to whatsapp?
James were says
I thanks tha Stawi company for a good job that they av decided to make youth’s & everyone to grow & stand strong in every project that u do with that kind of a loan,to me it’s okey .
Editor Kinyamasyo says
Where did you apply coz mine inakataa
Trizer mwai says
Hey pliz help me with the agent no coz I haven’t found any n am in need of the loan thanks!
Antony says
Where is your office located
Purity kariuki says
How do I register and get the money
Elizabeth Akoth Akonde says
I applied my loan of 60000 on Friday and what was remaining was only to transfer it to M-Pesa acoumt. How will I get that amount because every was done only withdrawal was remaining, because the system is not working.
Kevin Onyango Obura says
How are we going to pay when you have closed the system since Friday.
Tony says
Why can I get the agents need a loan asap
Shadrack Mutwiri says
I have installed the app,but I can’t create account coz you failed to send me the one time pin,
Rachel mwangi says
I have tried several time to register but i have seen no sms code plz help me to get it
Elsie kawira says
I want to apply please, , , my account is not opening.
LEAH WANGUI MUCHOKI says
How can I apply I need a loan for business how can I apply
mary says
did you stop loaning money
Ann says
Where are your agents ? Must one regest from an agent
Antony says
Where is your main office situated? I would like to visit because here am getting scanty information.
Erick says
That’s loan is good I applied 150000k and irecieved
Cecilia says
Hi. Trying to download the stawi app but I can’t get it from the play store please help
Teresia Gathoni says
I need a loan
Alfonce says
I have filled all the requirements but in the app but it failed to lock in what is wrong
Josphat says
The best
jeremiah githu njoro says
I have tried to access loan but the app can’t send a pin what is happening?
Edward says
Can’t get my code wat wrong????
Tina Maxwell says
trying to create account but you are not sending the code.whats the problem
Nico masaku says
Very good, I got my loan on Friday thanks stawi.
Peter kote says
Me too
peter nabule kote says
Why is it that i was approved for a loan but don’t get it in my mpesa account?
Gabriel says
Why did you stop giving money it stopped working on Friday
Ceciliah Njambi says
The app is not functioning
Samsonotieno says
Mbona Leo efungwa
joshua says
why isn’t working currently?
Oluoch Samuel says
I have applied loan one month ago but havent received any loan yet am not in CRB, i have done everything it takes eg taking photo frm agent
Brian says
I have been waiting for confirmation code since Saturday and I have not yet received. what do I do to get it?
Caroline midecha Kaduka says
Same here I even tried calling there number but no response
John says
The other day president of the republic said stawi loans are accessible to sms but it seems it was just astory, the so called agents are no where, you open account loan limit is zero,the Customer care contacts no use
Joseph says
How can register
Can I apply loan na niko na loan
Grace nyambura says
My account has been blocked,what can i do to unblock it please my no is :+254716551916
Moreen kimwere says
I want to apply plz
Okeyo moris oranga says
Taon
petet gutau kariuki says
I won’t two give my cod j won’t rejestand my namba
Nancy says
Do i haveto be registered by an agent to get loan
Caleb says
My account has been locked how can i unlock it
Lliian says
How do you registe
Joseph says
How can register
Can I apply loan na niko na loan
becky kumu says
says failure device id for string parameter
Kiuna says
Do it subject with crb
Richard otieno says
Was in CRB.. But I was given a loan of 60000
Erastus says
Have tried so many times can’t get a loan