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

21 million broke Kenyans take a record Sh245b Fuliza loans

Using the borrowing tool. [Courtesy]

Every second, Safaricom processes six transactions or 492,480 overdraft requests per day to bail out borrowers.

Safaricom now processes about six loan applications on its Fuliza loan product per second, making it a profit machine for the region’s most profitable company.

Premium Article

Get Full Access for Ksh299/Week.

Bold Reporting Takes Time, Courage and Investment. Stand With Us.
Continue Reading  →
What you get
  • Unlimited access to all premium content
  • Ad-free browsing experience
  • Mobile-optimised reading
  • Weekly newsletters & digests
Pay via
M - PESA
VISA
Airtel Money
Secure Payments Kenya's most trusted newsroom since 1902