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How to Get Fuliza loans From Mpesa

Fuliza is targeted at all Safaricom M-PESA customers that have been active for at least the past 6 months and maintain a good M-Shwari credit performance history.

The service is offered on the M-PESA Sim Toolkit (STK) Application and My Safaricom App.

To opt-in, just dial *234# and choose Fuliza M-PESA. You will be presented with Fuliza Terms and Conditions which you will have to agree to.

Below are the charges to expect when using Fuliza:

Amount        Tariff

0 -100             One-time fee of Ksh 2

101-500          Ksh 5 per day

501-1000        Ksh 10 per day

1001-1500      Ksh 20 per day

1501-2500      Ksh 25 per day

2501-70000    Ksh 30 per day

Fuliza overdraft only comes in to help you when you don’t have sufficient funds in your M-PESA account to complete a transaction. And this is in a couple of ways.

How do you repay Fuliza?

Repaying the amount awarded to you is easy, just deposit money to your M-PESA account and it will be deducted from that.

You can use Fuliza as many times as you need as long as you are within the allocated Fuliza M-PESA limit.

 

About Edwin Ochieng

Edwin Ochieng is living true to the calling of Journalism, He is passionate about issues of Business and Politics. Edwin Ochieng is a graduate from St Paul University and East African School of Media Studies (EASMS).

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