Business Daily | by Otiato Guguyu
Safaricom subscribers more than doubled their borrowings from the overdraft service Fuliza in the six months to June when Kenya imposed a coronavirus-induced lockdown that led to layoffs and pay cuts.
Fuliza loans in the six months rose to Sh176 billion from Sh81 billion in the same period a year earlier, indicating a daily borrowing of Sh967 million.
The jump in the uptake of the loans emerged in a period when the economy shed more than two million jobs…
