• Home
  • About
    • About Hapa Kenya
    • Privacy Policy
  • Advertise
  • Contact
  • Terms
  • Home
  • About
    • About Hapa Kenya
    • Privacy Policy
  • Advertise
  • Contact
  • Terms
HapaKenya
 logo
  • Life

    Life

    See all
    • Sol Generation Signs Kenyan singer & songwriter Shad Mziki

      September 13, 2025
    • Science for Africa Foundation & SemaBox launch “Echoes of Evidence” podcast

      September 13, 2025
    • DCI accused of installing spyware on devices belonging to Bryan Adagala & Nicholas Wambugu

      September 10, 2025
    • Events
  • Business

    Business

    See all
    • Absa Bank Kenya appoints Mohammed Nyaoga as new Chairperson

      September 15, 2025
    • Equity Group’s trade mission expands to Kolwezi to unlock DRC’s mining sector

      September 15, 2025
    • Pepsi expands into travel market with Skyward Airlines partnership

      September 15, 2025
  • Tech

    Tech

    See all
    • Samsung & Loop team up to make device security accessible for Kenyan businesses

      September 13, 2025
    • Kenya Airways launches KQSafari Data to offer mobile roaming to customers in 180 countries

      September 13, 2025
    • NCBA & Safetek launch Komiut, a fare collection platform for matatus

      September 13, 2025
  • Entertainment

    Entertainment

    See all
    • Sanaipei Tande to represent Kenya at Intervision song contest in Russia

      September 15, 2025
    • This year’s Rusinga Festival will go down on December 18-19

      September 13, 2025
    • Sol Generation Signs Kenyan singer & songwriter Shad Mziki

      September 13, 2025
  • Travel
  • Sports
  • Health
  • Bars + Restaurants
  • Drinks
  • Trending

    Trending

    NowWeekMonth
    • 26

      How to make pilau

      1
    • 22

      15 places you can get quick loans in Kenya in 2021

      2
    • Absa
      21

      105 Absa Bank employees acquire digital skills at Strathmore University

      3

Safaricom to reduce Fuliza daily charges from October 1

James WamathaiSeptember 28, 2022
2 min read
Shares

Kenyan telecommunication company, Safaricom, have announced that they will reduce daily maintenance fees by up to 40% on their M-PESA overdraft service, Fuliza. The access fee will however remains at 1%.

The overdraft service was launch by Safaricom in 2019 and is underwritten by NCBA Group and KCB Group. Fuliza enables M-PESA customers to complete your M-PESA transactions when they have insufficient funds in their M-PESA account. They can access funds multiple times as long as they are within their Fuliza limit.

The discounted tariff will take effect from October 1, 2022. All Fuliza customers who have a positive limit and with no outstanding balance will benefit from the new tariff. Additionally, customers that receive loans of Ksh. 1,000 and below shall enjoy a waiver on daily maintenance fees for the first 3 days.

Fuliza loans of betwen Ksh. 101 to Ksh. 500 will attract a daily fee of Ksh. 2.50, down from Ksh. 5. Whereas Fuliza loans of between Ksh. 501 Ksh. 1,000 will now be charged a daily fee of Ksh. 6, down from a previous fee of Ksh. 10.

Larger amounts however, will still attract higher charges. Fuliza loans between Ksh. 1,501 to Ksh. 2,500 will be charged a daily rate Ksh. 20, down from Ksh. 25.

Loans disbursed by Fuliza were at Ksh. 288 billion in the first half of the year. This is up from Ksh. 220.38 billion in the same period last year and Ksh. 176 billion in 2020. The loan service made history when it acquired over 1 million customers and gave out over Ksh. 1 Billion in loans in just 8 days.

New Fuliza charges effective October 1 2022

 

Tariff Band Old Daily Maintenance Fee (Ksh.) New Daily Maintenance Fee (Ksh.)
1 – 100 0.00 0.00
101 – 500 5.00 Free for first 3 days

2.50 after

501 – 1,000 10.00 Free for first 3 days

5.00 after

1,001 – 1500 20.00 18.00
1,501 – 2,500 25.00 20.00
2,501 – 70,000 30.00 25.00
Share On
Tweet

Related Posts

  • Safaricom Chapa Dimba All-Stars end Spain tour with a commanding victory

    Samson NderiSeptember 15, 2025
  • Safaricom Chapa Dimba All Stars boys’ team beats Huesca U23 6-1 in Spain

    Samson NderiSeptember 10, 2025
  • The hunt for Kenya’s best content creators on as BAKE Awards 2025 kicks off

    Samson NderiSeptember 10, 2025
  • Co-operative Bank now has ISO/IEC 27001:2022 certification for information security management

    Samson NderiSeptember 9, 2025
  • Safaricom Chapa Dimba All Stars fly to Spain for International football training

    Staff WriterSeptember 8, 2025
  • Safaricom’s inaugural gaming conference sparks conversation on youth talent & opportunities

    Samson NderiSeptember 5, 2025

Archives

Trending

Sanaipei Tande to represent Kenya at Intervision song contest in Russia

September 15, 2025

Alliance Girls teacher Peter Ayiro found guilty of immoral conduct by TSC

September 15, 2025

How to make delicious Mutton Biryani

September 15, 2025

Absa Bank Kenya appoints Mohammed Nyaoga as new Chairperson

September 15, 2025

Transforming African agriculture is key to Global sustainable development, new report finds

September 15, 2025

Equity Group’s trade mission expands to Kolwezi to unlock DRC’s mining sector

September 15, 2025

Pepsi expands into travel market with Skyward Airlines partnership

September 15, 2025

Safaricom Chapa Dimba All-Stars end Spain tour with a commanding victory

September 15, 2025

Kenya’s maize harvest hits record 70M bags, Government to buy for food reserves

September 15, 2025

Fuel prices drop by less than a shilling in latest EPRA review

September 14, 2025
  • About
  • Advertise
  • Contact
  • Privacy Policy
© 2018 HapaKenya Media Ltd. - All rights reserved