7 ways to increase your Fuliza limit

The more transactions you make using M-Pesa, the higher your Fuliza limit may become. [iStockphoto]

Most younger Kenyans cannot imagine a time before Fuliza was an option because this service has gotten many Safaricom customers out of a sticky situation. Fuliza, an overdraft service launched by Safaricom, KCB, and NCBA has revolutionized the way we make payments and the service just got better. Safaricom announced that it has cut daily charges for loans below Sh1000 by 50 per cent.

Daily charges on loans of up to Sh1000 will come down from Ksh10 to Ksh 5 but the company has retained the 1 per cent access fee on all borrowings. Loans below Ksh 500 attract Ksh 3 daily charges down from Ksh 5, while the upper band of between Ksh2500 to Ksh 70,000 have been handed a 16.7 per cent price cut from Sh30 daily to Sh25.