**Understanding the M-Shwari Loan Calculator**

The M-Shwari loan calculator is a powerful tool designed to give users clarity on the total cost of borrowing, including fees and charges. It takes into account the specific fee structure set by M-Shwari, ensuring transparency and accuracy in loan calculations.

**Fees Considered by an Mshwari Loan Calculator:**

**Facility Fee:**This is a one-time charge levied on the loan amount. The calculator typically uses a 9% industry standard for Mshwari loans.**Excise Duty:**The Kenyan government charges a 1.5% excise duty on M-PESA loans. The calculator factors this in to determine the actual amount deposited to your M-PESA account.**Example Calculation**

Let’s consider an example to illustrate how the M-Shwari loan calculator works:

**Loan Amount**: Kshs. 10,000

Using the M-Shwari loan calculator, we can break down the costs associated with this loan:

**M-PESA Deposited Amount**: This is the amount the borrower receives after deducting the Excise Duty.- Loan Amount: Kshs. 10,000
- Excise Duty (1.5%): Kshs. 150
- M-PESA Deposited Amount: Kshs. 10,000 – Kshs. 150 = Kshs. 9,850

**Facility Fee (9%)**: This fee is charged at 7.5% of the loan amount.- Facility Fee: 7.5% of Kshs. 10,000 = Kshs. 750

**Excise Duty (15%)**: This is the government excise duty charged on the loan amount.- Excise Duty: 1.5% of Kshs. 10,000 = Kshs. 150

**Repayment Amount**: This is the total amount the borrower needs to repay, including the loan amount and fees.- Repayment Amount: Loan Amount + Facility Fee = Kshs. 10,000 + Kshs. 750 = Kshs. 10,750

**M-Shwari Due Date**: This is the date by which the loan must be repaid.- Due Date: 6/7/2024

The M-Shwari loan calculator is an invaluable tool for anyone considering borrowing through the M-Shwari platform. By providing clear and detailed calculations, it enables borrowers to make informed decisions and understand the total cost of borrowing upfront.

With transparency and convenience at its core, the M-Shwari loan calculator exemplifies the commitment to financial inclusion and empowerment that mobile money platforms like M-PESA and services like M-Shwari strive to achieve. By putting financial tools directly into the hands of users, these platforms are transforming the way people access and manage credit, ultimately driving economic empowerment and growth.