Safaricom, NCBA and KCB are minting billions of shillings from their joint overdraft facility Fuliza even as the average ticket size of loans issued via the facility falls.
The latest data from KCB Group, which is one of the banks underwriting Fuliza loans, shows that the average ticket size of disbursements made under the facility across 2022 fell to Sh302 per loan even as the total value of disbursements rose by 29 percent to Sh124.4 billion from Sh96 billion in 2021.
