Quick loans from Fuliza surged by 43 percent to Ksh.502.6 billion in 12 months to April 2022 from Ksh.351.2 billion.
This was supported by 6.9 million Kenyans who enrolled on Fuliza from 5.9 million as of March 2021, a 16.4 percentage point increase.
Loan size on Fuliza
Safaricom is considering lowering the customer charges on
its M-Pesa, M-Shwari and Fuliza amid pressure from the government to curb
unregulated digital lending platforms who charge Kenyans exorbitant monthly
According to the operator’s acting CEO Michael Joseph, rates
will be lowered to ease access of their products, a plan