You can sign up by going to the MySafaricom app and opting in under the Fuliza tab in M-Pesa. You can also sign up via USSD by dialing *243# .
Additionally, you must be 18 years old and above and have been a M-Pesa customer for 6 months.
Once you sign up for the service, you will receive a confirmation message that has the overdraft limit. If the confirmation message does not have a limit then you may need to transact a bit before you can get an overdraft facility.
The charges for the overdraft are a 1% access fee and a maintenance fee on the outstanding balance as per the table below. This means that the sooner you pay for it the better if you don’t want to pay expensive charges.
One-time fee of Ksh 2
Ksh 5 per day
Ksh 10 per day
Ksh 20 per day
Ksh 25 per day
Ksh 30 per day
Once you receive an overdraft, you have to pay it within 90 days or you will be in default. When you sign up, you give Safaricom the power to recover the overdraft plus any accrued fees from your M-Pesa account until such a time it is fully paid. .