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Page 10 - Fuliza News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Daily borrowing on Fuliza surges to Sh1 4bn as the going gets tough

The amount disbursed hit Sh502.6 billion in the year to March, marking a 43.1 percent increase from previous year.

Aily borrowing

Sh9 7b borrowed weekly on Safaricom s Fuliza

Kenyans borrowed Sh9.67 billion weekly via Safaricom’s overdraft service Fuliza in the year ended March as an additional one million customers joined.

Silicon valleyMobile loan

Move over M-Shwari and KCB M-Pesa, Fuliza now the new lending king

It started with M-Kesho the ill-fated product launched by the mobile service provider in partnership with Equity Bank in 2010.

Joshua oigaraJohn gachoraSitoyo lopokoiyitEquity bankChief executive john gachoraExecutive joshua oigaraPesa africa managing director sitoyo lopokoiyitM keshoM shwariM pesaKcbm pesa

Flagging shilling adds Sh1 1b to Safaricom s debt servicing load

The shilling lost 0.97 per cent to the dollar in the six months to September compared to a similar period last year.

Dilip palInternational finance corporationChief finance officer dilip palAbiy ahmedInternational financeM pesa

Coming soon: Safaricom eyes Fuliza for businesses

Fuliza allows customers to access unsecured credit by overdrawing on M-Pesa to cover short-term cash flow shortfalls, subject to predetermined limits.

Michael josephDilip palSitoyo lopokoiyitCentral bankInsurance regulatory authorityCapital markets authorityPesa africa managing director sitoyo lopokoiyitFinance officer dilip palLipa nam pesaPochi la biashara

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