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Good News To Kenyans Who Are Using Fuliza

Starting October 1, Fuliza customers borrowing between KSh. 100-1000 will enjoy a 40 percent discount on the daily maintenance fee.

The announcement comes barely a month after a joint report by Deloitte and data firm DataEQ showed a majority of Kenyans on Twitter are frustrated by the cost of the overdraft facility.

“Despite acknowledging the convenience offered by M-Pesa, Kenyan consumers expressed unhappiness around how quickly the fees and related charges add up and developed workarounds,” an excerpt from the report reads.

For clients drawing underneath KSh. 100, there might be no safeguarding rate anyway for the ones looking for an overdraft of among KSh. 101-500 will currently pay a pace of KSh. three down from KSh. five while people who expect to draw in among KSh. 501-1,000 pays KSh. 6.

Fuliza, that is claimed forty in sync with penny each through Safaricom and NCBA and 20 in sync with penny through KCB Gathering, has quick filled in standing since it transformed into delivered in mid 2019. It presently has extra than 1.7 million fiery step by step clients.

As per Safaricom, Fuliza clients that drawdown KSh. 1,000 and underneath will encounter a waiver on step by step safeguarding costs for the essential 3 days.All clients with 1001-1500 usefully pay KSh 18 getting a ten rate deal while people who draw KSh. 1500-2500 will in affect pay KSh. 20.

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

Deloitte Fuliza KSh Kenyan Kenyans

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