Business Daily | by Patrick Alushula
Safaricom subscribers increased borrowing from the overdraft service Fuliza in the six months to September by a third to Sh149.4 billion under a coronavirus-induced lockdown that led to layoffs and pay cuts.
Fuliza overdrafts rose from Sh112.2 billion in a similar period a year earlier, indicating a daily borrowing of Sh830 million.
The jump in the uptake of the loans emerged in a period when the economy shed more than two million jobs in the wake of Covid-19 economic hardships…
