Safaricom unveils Sh100,000 interest-free M-Pesa loans 

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Safaricom PLC Chief Executive Officer (CEO), Peter Ndegwa at a past event. FILE PHOTO | POOL

Safaricom has finally unveiled the zero-interest credit service for the purchase of goods for up to Sh100,000 which had initially been blocked by the financial regulator.

Dubbed Faraja, the credit service is expected to ruffle the ubiquitous mobile loans market that has been dominated by such products as Fuliza, a mobile overdraft service also on M-Pesa.

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