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Safaricom lends Sh1b in eight days on Fuliza

Safaricom Chief Executive Bob Collymore with Chairman Nicholas Ng’ang’a and Chief Financial Officer Sateesh Kamath during the company’s annual general meeting. [File, Standard]

Safaricom’s recently launched overdraft facility Fuliza lent out more than Sh1 billion just one week after going live, signaling the growing popularity of mobile loans in the Kenyan market.

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