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M-Shwari is a paperless banking service offered through M-PESA. It will: Enable you open and operate an M-Shwari bank account through your mobile phone, via M-PESA, without having to visit banks or fill out any forms. Provide you the ability to move money in and out of your M-Shwari savings account to your M-PESA account at no charge. Give you an opportunity to save as little as KSHs.1 and earn interest of up to 6.65% p.a on your saving balance. This cash is moved into the savings account via M-PESA. Enable you to access micro credit product (loan) of a minimum of KSHs.100 any time and receive your loan instantly on your M-PESA account charged at a facility fee of 7.5% Save for a fixed period of time (Lock Savings Account) and earn interest of up to 70% of the Central bank Rate. This is a product for everyone who feels that banking should be hassle-free. No forms to fill in, no branches to visit. Just one click on your phone and you have a savings account!

Kiva takes due diligence and monitoring very seriously as part of our responsibility to lenders and borrowers. We encourage all lenders to learn about the risks of lending on Kiva as Kiva does not guarantee repayment on any loans. Lending on Kiva may involve loss of principal, for a variety of reasons including if the borrower doesn’t repay, the Field Partner doesn’t repay or from currency loss. The level of due diligence relevant to a specific loan on Kiva depends on a variety of factors, including how the loan is administered. Most loans on Kiva are administered by one of our local partners working in more than 80 countries. Kiva conducts due diligence on all Field Partners prior to allowing them to begin posting loans on the Kiva platform. To learn more about this process visit our Field Partner due diligence page.

GLC Paints is providing EGP 500 grants to construction painters through Fawry outlets across Egypt in an initiative to help those affected by the ongoing coronavirus (COVID-19) pandemic.The move by GLC Paints comes as part of its corporate social responsibility (CSR) programme. The company has also responded to government and social calls for private sector companies to support workers in the current conditions.

The growth of cloud computing is a trend that M-Pesa hopes to exploit. Servers that are accessed via the internet and are located in data centres are referred to as the “cloud”. Using them means that companies don’t have to manage their own servers or run software on their own machines.