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Reprieve for borrowers as Fuliza costs down by half

Safaricom CEO Peter Ndegwa. [Wilberforce Okwiri, Standard]

Mobile service provider Safaricom has announced a 50 per cent reduction in Fuliza tariffs in a move that comes as a reprieve for millions of borrowers in the country.

Safaricom, alongside lending partners NCBA and KCB Bank, said the companies are restructuring the facility starting October 1 to reduce the cost of credit on low income borrowers.

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