Fuliza is a service that allows you to carry out M-Pesa transactions even when you don’t have enough cash in your M-Pesa account. Fuliza is like a bank overdraft and is a product of NCBA banks offered through Safaricom’s M-Pesa platform. To gain access to a Fuliza loan, you need to first have a Safaricom sim card holder as well as a registered M-Pesa user. Moreover, the line needs to have been used for six months.
Some hours ago deputy president William Ruto has talked about the fuliza interest fee as he was addressing his congratulations today. According to him he said that fuliza interest fee which is 6% is too much for Kenyans to afford paying back. Therefore he said that they should reduce it so that the normal Kenyan who uses it can afford paying back.
According to you Kenyans,do you think the fuliza interest is too much for Kenyans? Let's meet in the comments section and talk about this.
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