Kashway is an innovative mobile lending solution developed by Wakanda Credit Limited that redefines the way Kenyans access unsecured personal loans. By leveraging state‑of‑the‑art machine learning and data analytics, Kashway assesses your creditworthiness without the need for collateral, making it an ideal solution for emergencies, home improvement, or debt consolidation. With loan amounts typically ranging from KSh 1,000 to KSh 500,000, Kashway offers flexible repayment terms—from as short as 7 days to as long as 180 days—tailored to you, ensuring responsible and secure borrowing.
Key Features of Kashway
- Data‑Driven Credit Assessment: Using technology to analyze your mobile usage, transaction history, and other digital indicators, Kashway can provide a fast and unbiased loan decision.
- Unsecured Personal Loans: Enjoy the ease of borrowing without the need to provide collateral or additional security.
- Flexible Loan Terms: Choose from a variety of repayment periods that suit your cash flow.
- Transparent Fee Structure: With defined interest rates (ranging from a minimum 3% to a maximum 6% monthly) and processing fees, you know exactly what to budget for.
- Secure Digital Process: With a robust system that protects your personal data using advanced encryption, your information is safe throughout the process.
- User‑Friendly Mobile App: The simple, intuitive interface means that even first‑time borrowers can easily navigate the application process and manage their loans online.
Eligibility Criteria
To qualify for a Kashway loan, you must:
- Be a Kenyan resident with a valid national ID and mobile number.
- Have an active M‑Pesa account and a working smartphone to install the app.
- Demonstrate a stable income source, verified digitally through your mobile money transactions.
- Be 18 years or older and meet other digital verification parameters established by Kashway.
How to Register and Apply
Download the Kashway App: Available from the Google Play Store, download and install the app on your Android device.
Complete Your Registration: Enter your personal details, including your M‑Pesa number, and provide any necessary identification documents.
Credit Limit Check: Once registered, the app displays your initial credit limit based on its data‑driven analysis.
Apply for a Loan: Choose your desired loan amount (within your approved limit), enter your preferred repayment period, and submit your application.
Instant Approval: The machine learning system evaluates your data and approves your loan within minutes, crediting the funds directly to your mobile account.
How to Repay Your Kashway Loan
Repayment is simple and can be done by:
M‑Pesa Payments: Use the specified paybill number (commonly 900068) along with your mobile phone number as the account identifier.
In‑App Repayment Options: Follow the prompts in the Kashway app for easy tracking and automatic payment scheduling.
Additional Benefits and Advice
Improve Your Future Limits:
Consistent repayment boosts your credit score, leading to higher loan limits on subsequent applications.
Regular Updates: Keep your app updated to benefit from new features and improved security protocols.
Customer Support: In-app support is available to help guide you through any challenges during registration or repayment