KaShagi is an instant short term loan designed to take care of those moments where you need to bridge gaps in one’s finances for a short while. The loan application and disbursement process takes place in under 60 seconds by simply dialling *236# or *151#.

These loans may be accessed by customers who have an EcoCash wallet or a Steward Bank account. A customer may apply for a KaShagi Personal Loan up to a maximum of ZWL100.

How to apply from Steward Bank

  1. Dial *236#
  2. Select Option 3 –Nano Loans
  3. Select Option 1 – KaShagi
  4. Select Option 1 – Apply for KaShagi
  5. Your pre – approved loan amount will be displayed and you can select amount you would like to borrow.
  6. The funds are then deposited into your account

How to apply from Ecocash

  1. Dial *151#
  2. Enter your Ecocash pin
  3. Select Option 6 – Ecocash save
  4. Select Option 3 – Ecocash KaShagi
  5. Select Option 1 (Request loan) if you need a loan, Option 2 (Repay loan) or Option 3 to check your credit limit (how much loan you qualify to get).
  6. If you are requesting a loan, you then Enter Amount
  7. Select Tenure (Only one option – 1 month)
  8. Enter 1 to confirm

Approval is instant. An SMS will be sent with your repayment due date. 

Loan Features

Tenor (Days) Handling Fee ( Deducted from principal ) Interest Rate Penalty
30 15% Free 5% *(principal + penalty m1)