Fuliza
Fuliza is a continuous overdraft service that allows Safaricom’s M-PESA customers to complete their M-PESA transactions even when they do not have enough funds in their M-PESA account.
To enjoy Fuliza M-PESA overdraft services, a customer needs to be registered on M-PESA with an active Safaricom M-PESA line. Customers will need to opt into the Fuliza service to enjoy the service.
Eligibility
- M-PESA customers registered using their national ID/Kenyan passport/Military ID can activate Fuliza but not all are eligible for a loan limit upon activation.
- M-PESA accounts registered using Foreign passport cannot successfully opt-in to Fuliza.
- Upon opting in, one will be assigned a limit that defines the maximum amount of overdraft they can access.
How to OPT in to FULIZA
- Dial *334#
- Select Loans and Savings>> Select FULIZA
- OPT in
What is great about FULIZA
- A customer can request for Fuliza as many times as long as it is within the allocated limit.
- A customer will be able to Send Money to both registered and unregistered customers.
- Customer can pay to Lipa Na M-PESA: Buy goods and Paybill.
- Customer can Buy airtime for self and other via USSD or M-PESA APP
Fuliza limit
- Fuliza limit will be allocated upon activation by a customer who has been active on the network for at least 6 Months based on their line’s activity.
- To grow Fuliza limit, you need to continue using Safaricom and M-PESA services and repay your Fuliza M-PESA facility on time by toping up your M-PESA account.
- Customers on our network for less than 6 months will have a ZERO LIMIT.
Note: Fuliza limit will be refreshed (upwards or downwards) depending on the usage and timely repayment of the facility.
Fuliza Charges
- A customer will be charged a one off 1% access fee and a daily maintenance fee is applied the next day at midnight or 00.00 hrs.
- A Customer will also be charged 20% excise duty on the access fee. That means a customer who uses Fuliza and repays before the next day at 00.00hrs will only pay the access fee and a maintenance on the outstanding amount as per the table below:
|
FULIZA TARIFF |
|||
|
Band |
Tariff |
20% Excise Duty |
Total Charges |
|
0 -100 |
KSh 0 |
KSh 0 |
KSh 0 |
|
101-500 |
KSh 2.5 |
KSh 0.5 |
KSh 3 |
|
501-1000 |
KSh 5 |
KSh 1 |
KSh 6 |
|
1001-1500 |
KSh 18 |
KSh 3.6 |
KSh 21.6 |
|
1501-2500 |
KSh 20 |
KSh 4 |
KSh 24 |
|
2501-70000 |
KSh 25 |
KSh 5 |
KSh 30 |
This is a service that allows M-PESA customers to complete their M-PESA transactions when they have insufficient funds in their M-PESA account.
You need to be an M-PESA registered customers with an active Safaricom line. Dial *234# and select Fuliza M-PESA to opt in.
Every M-PESA registered line will be treated as a different account. Each mobile number will qualify for Fuliza M-PESA and will be awarded a limit. This limit will be reviewed every 3 months depending on your usage.
Dial *234# and Select Fuliza M-PESA to check your limit, balance, mini statement and opt out option. Every time you transact using Fuliza, you will receive an sms with the outstanding Fuliza amount.
You can use it as many times as needed as long as you are within the allocated Fuliza M-PESA limit.
Lipa Na M-PESA: Buy goods and Paybill as well as Send money.
All you need to do is transact normally on M-PESA and if you have insufficient funds, Fuliza M-PESA will cover the shortfall.
Continue using Safaricom and M-PESA services frequently and repay Fuliza M-PESA on time by toping up your M-PESA account.
Yes. You can withdraw funds from an M-PESA agent using Fuliza M-PESA.
|
Tariff Band |
Old Daily Maintenance Fee |
New Daily Maintenance Fee |
|
1-100 |
0.00 |
0.00 |
|
101-500 |
5.00 |
Free for first 3 days 2.50 after |
|
501-1000 |
10.00 |
Free for first 3 days 5.00 after |
|
1001-1500 |
20.00 |
18.00 |
|
1501-2500 |
25.00 |
20.00 |
|
2501-70000 |
30.00 |
25.00 |
The discounted tariff will take effect from 1st of October 2022.
All Fuliza customers who have opted-in and have a positive limit, with no outstanding balance.
You will pay the current daily maintenance fees on your outstanding balance. The new restructured price will take effect once you clear your balance.
Dial *234# to know your outstanding balance.
Keep transacting on M-Pesa and ensure you repay all your loans on time.
Any funds received or deposited in your M-PESA account will automatically be used to clear your outstanding Fuliza M-PESA.
M-PESA limits apply as below;
- Transaction limits 1- 70,000/=
M-PESA reversal process applies as long as the recipient has not utilized the funds. You can also initiate reversal by sending the M-PESA SMS to 456
NB: Transactional charges will not the reversed.
No. This is a continuous overdraft service that allows you to complete M-PESA transactions when you have insufficient funds.
You will not have access to your Fuliza M-PESA limit if you have any unpaid balance after day 30. This will however be restored on full repayment of your Fuliza balance.
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