KwachaHelper

LIWIRO MICROCREDIT LTD

About this app

KwachaHelper, digital loan platform that provides instant loans in Malawi to help cover unexpected expenses or urgent cash needs.
Loans provided by Liwiro Microcredit Limited, Licensed and regulated by the Reserve Bank of Malawi. Registered Office: Lilongwe, Malawi.
【Product Advantages】
High quota: the maximum quota for approval is MK 300000
Simple operation: fill in the application information on the mobile phone and submit the application quickly
Revolving loan: good repayment performance, you can continue to obtain products with lower rates and higher quotas
【Product Introduction】
Loan Amount: MK 10,000 ~ MK 300,000
Loan Term: 90~180 days
Loan interest ( per annum ) : 18.25% ～33.27%
Loan interest ( per day ) : 0.05% ~ 0.09%
Service rate: 1% ～3%
For example:
If you apply for a loan ，after review, your borrowable limit is
MK10,000 , You choose a repayment period of 90 days. Annual loan rate is 20% and service rate is 1%
Your repayment plan is as follows：
Daily interest rate=20%/365=0.05%
The interest for 90 days =10,000x0.05%x90= 450
The service fee=10000*1%=100
The totally repayment=10,000+450+100= 1,0550
【Product Target Customers】
Legal residents of Malawi
18-65 years old
Have the ability to work
【Application Steps】
Fill out your basic information and submit,Apply in seconds;
Deposit the loan directly into the collection account specified by the user;
Increase your loan limit each time you repay your loan.
【Contact Us】
Email：[e-mail]
Phone: [phone]
Location:Off M1 Road, Area 6,Micro Finance Office, Plot No 6/150,Lilongwe,Malawi

What’s new

Fix some bugs.