First, What is Fuliza Mpesa ?
It's a Service that allow Mpesa customers to Complete their Mpesa Transactions when they have insufficient Funds in their Mpesa Account.
Safaricom Fuliza Loan Was Official introduce in 2019 and is the Most Popular among low - income Earners who take Small Loans for their basis.
Now Safaricom Subscribes who borrow loans from Fuliza will have to Pay an extra Fees after the company increased the daily Interest Fees.
The Company Said that, the increase of the Daily fees have been direct affected with the New 2021 Finance Act which Came into action Since 6th July 2021, after President Uhuru Kenyatta Signed it in the New Law.
Kenyatta Signed the Finance Act to Fund Out the 2021 - 2022 Financial Budget. The Government aims higher to raise at least Kshs. 1.5trillion from new taxes according to the treasury Department.
Either you have been Looking for away to find out the Daily Fuliza Charges and you can't get then here am going to show you a Simple way to Calculate your daily fees Plus a Fee Board.
You Can Dial *234# and Find your Fees according to the amount of your debt, and Lastly Here is their is a Table represent all Fuliza Mpesa daily Charges.
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