Businesses tapped a Sh6.2 billion Fuliza overdraft in two months to June, pointing to the popularity of the improvement to Safaricom’s M-Pesa facility that was previously only open to individuals.
Safaricom on May 4 announced a partnership with KCB Bank Kenya to roll out Fuliza ya Biashara, a service allowing business owners to access unsecured credit by overdrawing on M-Pesa business tills to cover short-term cash flow shortfalls.
