Fuliza is a Safaricom form of a micro lending business services that enables Mpesa customers to Pay for Products through Lipa Na Mpesa on Loan and settle the loan later. Fuliza is more like Okoa Jahazi of Lipa Na Mpesa.
Safaricom has partnered with KCB and Commercial Bank of Africa (CBA) to facilitate the service.

Fuliza Loan app features Include
Loan limits range between kes 1 to kes 70000

  • This is a continuous overdraft service that allows you to complete mpesa transactions when you have insufficient funds.

  • Any funds received or deposited in your mpesa account will automatically be used to clear your outstanding Fuliza Mpesa.

  • You will be charged a 1% one off access fee of what you borrowed and a daily a maintenance fee (as per safaricom prescribed tariff  listed below) up to a maximum of Ksh. 30 per day for each day your Facility remains unpaid (this is within the 30 days of repaying period).

    1. 0-100 (one time fee of ksh. 2)

    2. 101-500 (ksh. 5 per day)

    3. 501-1000 (ksh. 10 per day)

    4. 1001-1500 (ksh. 20 per day)

    5. 1501-2500 (ksh. 25 per day)

    6. 2501-70000 (ksh. 30 per day)

How does Fuliza Work?
Fuliza enables Mpesa clients to transact with Lipa na Mpesa even when they don’t have money in their mpesa accounts, a kind of overdraft

For Example, if you want to buy a book worth Ksh. 1,000 but you only have Ksh. 500, you can borrow Ksh. 500 within the limit that you have, just like an ordinary overdraft. There is however a limit as to how much you can borrow.

How to use Fuliza Loan?

To get a Fuliza Loan, sign up through Mysafaricom app and then you will see a Fuliza Mpesa option. Click on the tab to take your loan. You will have 90 days to repay failure to which you will default.

How to repay Fuliza Loan

For Fuliza, any funds available or deposited into your Mpesa account will be used in the repayment of the outstanding Fuliza balance. Repayment is within 30 days from the day you received the money.

How to Withdraw Money from Fuliza Account

You may only use the Fuliza Money in your account to complete mpesa transactions that is;

  • Paying via Lipa Na Mpesa

  • Sending money to M-PESA users;

Currently, there is no option of directly withdrawing the fuliza money from your account apart from the two available options above.

Fuliza Default Consequences

If you default in repaying Fuliza money then any money you deposit in your mpesa account will be used to repay it and if you do not have any money in your mpesa account then your name and accounts will be submitted to Credit Reference Bureaus (CRB).



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