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Safaricom To Withdraw Money From M-shwari And KCB-Mpesa Accounts Of Fuliza Loan Defaulters

The Mobile network operator company Safaricom has now come up with new ways of recovering it's defaulted fuliza loans.

According to the company, funds saved in M-shwari and KCB-Mpesa accounts will be used as collateral and security for all outstanding loans on the overdraft facility.

The firm is set to start this as from 14th November, 2021 according to the statement made.

This will allow the company to withdraw cash from the two accounts to recover their money if the person fail to pay fuliza loan within the given time.

Safaricom limited has decided to make these changes in their efforts to reduce the loans the company experiences due to unpaid loans.

Earlier, the company was recovering their loans from the money directly sent to a person irregardless of the M-shwari and KCB-Mpesa accounts balances.

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Source: Tuko

Content created and supplied by: Stan_Ka_Wambu (via Opera News )

KCB-Mpesa M-shwari Safaricom Safaricom limited Tuko

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