×
App Icon
The Standard e-Paper
Stay Informed, Even Offline
★★★★ - on Play Store
Download App

Kenyans’ peculiar borrowing

[Courtesy]

We have been accusing the government of using Fuliza at supersonic speed; now it appears the citizens have a higher appetite for cash. Safaricom have revealed that they processed some 300 loans per second, averaging Sh11,000.

For the uninitiated, Fuliza M-Pesa is an overdraft of sorts that one can apply on the go. And the cash trickles in fast.

Get Full Access for Ksh299/Week.
Fact‑first reporting that puts you at the heart of the newsroom. Subscribe for full access.
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in