Businesses to tap up to Sh400,000 Fuliza loans

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A Safaricom's M-Pesa app user. FILE PHOTO | DIANA NGILA | NMG

Businesses can now tap up to Sh400,000 Fuliza overdraft service, easing access to the facility previously restricted to individuals seeking to complete payments when they have insufficient funds in their M-Pesa wallets.

Safaricom has partnered with KCB Bank Kenya to roll out Fuliza ya Biashara, a service allowing business owners to access unsecured credit by overdrawing through their M-Pesa business tills to cover short-term cashflow shortfalls.

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