How To Fuliza Safely -What To Do Before and After Taking Fuliza Loan (Fuliza at Sh1.2 Billion A Day), by Ken's MoneyMatters on YouTube. 14 min 56 s.
- Video length
- 14 min 56 s
- Time to do it
- 5 minutes
- Difficulty
- Easy
- Steps
- 7
What you need
Steps
Dial *334# on your Safaricom line and choose Fuliza to see your limit and the current daily fee. The limit is based on how you have used M-Pesa.
Decide the exact amount you need and borrow no more than that. Every shilling left sitting in the overdraft is charged a daily fee.
Use the money the normal M-Pesa way. Fuliza steps in automatically when a payment is bigger than your balance, up to your limit.
Repay as soon as cash comes in. Money you receive or deposit into M-Pesa goes towards clearing the Fuliza balance first.
Clear the full amount within 30 days. After that you are blocked from borrowing again until the balance is paid off.
Check the balance after repaying by dialing *334# again. Make sure it reads zero so no further fees keep building up.
Keep a small M-Pesa buffer for the rest of the month so you do not slip back into Fuliza for small purchases.
Tips and common mistakes
Never use Fuliza for regular shopping or bills; a daily fee on everyday spending quickly costs more than the item.
Do not take Fuliza to repay another loan or a friend's debt, as that just moves the problem along.
Note the day you borrowed and set a phone reminder for day 25 so the 30-day window does not catch you out.
Read the fee shown in the *334# menu before you confirm, since Safaricom can change its rates.
Questions
How much does Fuliza cost?
Safaricom charges a one-off access fee plus a daily maintenance fee on the amount you owe. Check the current rates inside the *334# Fuliza menu before you borrow.
How long do I have to repay Fuliza?
You have 30 days from the day you borrow. Repay earlier if you can, because the maintenance fee is charged every day the balance is open.
Can I use Fuliza with a zero M-Pesa balance?
Yes. Fuliza covers the shortfall up to your limit, but you still need an active Safaricom line and a Fuliza limit on that line.
This guide was drafted from the video's details and general task knowledge. It has not been checked against the full video. Check the video and relevant product instructions before following a procedure. Report a correction.
