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:
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.