Waumini cash is a mobile loan facility borrowed and repaid through mobile phone.
1.Different credit limit for each member,
2.Maximum limit of ksh. 5,000 and minimum of ksh. 200.
3.Loan repayment period of 1 month.
4.Interest rate of 7% upfront.
Members do access the loan facility through the downloaded link or Ussd (*276*22#)The following options are available when you access the system;
5.Change of pin
Members are advised to check their credit limit before borrowing the Wumini cash loan.
To borrow Waumini cash loan go to option 3: Mobile loan , loan type put 10, installment type 1.
You will receive a text loan successful. The loan will automatically be sent to your Mpesa account less interest.
In case the loan process is successful and money was not sent to Mpesa account, member can access the loan through option 1: Cash withdrawal.
Waumini cash loan repayment
For Waumini cash loan repayment Deposit cash into your mpesa account, then go to option 6: Loan repayment , Loan payable is the exact the loan amount borrowed, the pay bill number is 754292, loan type put 22*10.
You will receive a text notifying you that your loan balance has been settled.