How to fuliza

What is Fuliza? This is an overdraft loan facility launched by Safaricom in partnership with Commercial Bank of Africa. The loan facility allows you to complete your Mpesa transactions, even if you have zero or insufficient funds in your Mpesa account. In this post I will show you how to fuliza. But just before then, a brief preamble.

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How does fuliza work?

Imagine you are in a supermarket, and you have purchased goods worth Ksh 5,000. At the till, you realize that your all your MPesa accounts have only Ksh 4,000.

Through Fuliza, the total amount will be transacted normally through M-Pesa, and the shortfall will be recovered later. This is a huge relief, as it will avoid embarrassment on the queue, or unnecessary inconvenience.

The maximum overdraft facility is Ksh 50,000.

What Are the Terms and Conditions?

You will be charged 1 per cent Fuliza access and maintenance fees on the outstanding balance as per the table below. Normal M-PESA transaction charges will apply.

Band Tariff Promotional Tariff for 30 day from launch
0 -100 One-time fee of Ksh 2 One-time fee of Ksh 0
101-500 Ksh 5 per day
501-1000 Ksh 10 per day
1001-1500 Ksh 20 per day
1501-2500 Ksh 25 per day
2501-70000 Ksh 30 per day

Once you receive an overdraft, you have to pay it within 90 days or you will be in default. This will however be restored on full repayment of your Fuliza balance.

The number of times one can access fuliza will be determined by the history of customer’s M-Pesa transactions.

How to Fuliza M-Pesa – Steps

Having explained a few aspects for you. I think it is time for me to show you through the steps for you to get your instant overdraft. Here is how to activate Fuliza.

  1. Dial *234# on your smartphone – This is the Fuliza Code you need unless they change it.
  2. Select 0 as your first option, “Fuliza M-Pesa.”
  3. Then, select 1 (YES) to get started.
  4. Lastly, select 1(YES) again to accept terms and conditions, and you’re good to go.

I hope this was helpful. see more of our how-to posts by clicking here.

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