Home Business Fuliza hits Sh350bn on Covid cash woes

Fuliza hits Sh350bn on Covid cash woes

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Business Daily | by Patrick Alushula


Borrowings from Safaricom overdraft service Fuliza rose by 43.6 percent to Sh351.2 billion in the financial year ended March when Covid-19 economic hardships such as layoffs and pay cuts strained households’ budgets.

Borrowings from Fuliza, which allows subscribers to transact more than the money available in their M-Pesa wallets, rose from Sh244.6 billion a year earlier…

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