M-Shwari deposits dropped by 44 percent to Ksh.416.7 billion in a year to March 2023.
The platform had a whooping Ksh.745 billion in deposits same period in 2022.
This is the first time that M-Shwari deposits have declined since the platform was launched in 2013.
Loans borrowed from the platform increased 6.3 percent during the period to hit Ksh.91.5 billion.
Cash borrowed from M-Shwari in 2022 stood at Ksh.86.1 billion.
M-Shwari loans are priced at nine percent – being loan fees of 7.5 percent and 1.5 percent excise duty.
M-Shwari is NCBA’s mobile phone banking service.
Wow, superb blog format! How lengthy have you been blogging for?
you make blogging glance easy. The overall glance of your site is
great, let alone the content! You can see similar here
e-commerce