Fuliza is a service launched by the giant mobile operator, safaricom, in 2019 that allows M-PESA customers to complete their M-PESA transactions when they have insufficient funds in their M-PESA account. According to a report by Techweez,Fuliza was launched to address the issue of failed transactions on Mpesa, 58% of which were caused by insufficient funds.
How To Get Fuliza Overdraft
In order to enjoy the Fuliza loan service, the Safaricom line must have been active for the last 6 months
Mpesa users can access the overdraft facility by using the USSD code *234# or the Safaricom app. To sign up on Fuliza, follow the detailed steps below:
- Dial *234# from your Safaricom line. Or, you can use the Safaricom App to opt into the service.
- Select “Fuliza M-PESA” to opt in
How To Repay Fuliza Loan
Any funds received or deposited in your Mpesa account will automatically be used to clear your outstanding debt.
How To Grow Fuliza Mpesa Limit
To grow you Mpesa Fuliza limit, continue using Safaricom and M-PESA services frequently and repay Fuliza M-PESA on time by toping up your M-PESA account.
Can I withdraw money from Fuliza?
You cannot withdraw money from Fuliza, but you can send it to another Safaricom line and ask the person to withdraw it for you.
Fuliza M-Pesa interest and service fees
Safaricom charges you the standard Mpesa transaction fees when you use Fuliza. Plus, the company will charge you maintenance and an access fee of 1% on your outstanding Fuliza balance. The table below represents the interest and service fees charged for using the service.