Easy Ways to Increase Your Fuliza Loan Limit
How the Limit Increases
Increasing your Fuliza loan limit on M-Pesa cannot be done manually by individuals, as many people claim online through WhatsApp groups and Facebook. These are usually scammers who may simply steal your money or personal information.
Your Fuliza limit is increased automatically based on how you transact and use your Safaricom and M-Pesa services. After opting into Fuliza, you can start using the service. At first, the amount you receive is usually small, but it may grow the more you use the service and maintain a good repayment history.
For me, my first Fuliza limit was Ksh 300 when I was still in campus at the Technical University of Kenya. Now that I am employed, my limit has grown to over Ksh 6,200.
Who Owns Fuliza?
The maximum Fuliza limit is Ksh 70,000. Fuliza is owned by three companies: Safaricom PLC, which holds a 40% stake; NCBA Group, which holds 40%; and KCB, which holds 20%.
Safaricom hosts the M-Pesa platform through which Fuliza operates, while NCBA and KCB act as the financial partners providing the credit.
How Fuliza Is Paid and the Consequences of Paying Late
When money is deposited into your M-Pesa account, any outstanding Fuliza amount is usually deducted automatically. The money goes towards clearing your negative overdraft balance.
You are normally required to repay the outstanding amount within the specified repayment period. Your Fuliza limit may be restored once you clear the full outstanding balance, although the amount available to you can depend on your account activity and repayment history.
Requirements to Qualify and How to Opt In to Fuliza
- You must have an active Safaricom line that has been registered for at least six months using a valid National ID.
- Accounts registered using a foreign passport may not be eligible to activate Fuliza.
- Not all users receive an immediate loan limit after opting in, as limits depend on factors such as your usage of Safaricom and M-Pesa services and your repayment history.
How to Opt In via USSD
- *Dial 334# on your mobile phone.
- Select Loans and Savings.
- Choose Fuliza M-Pesa.
- Read and accept the Terms and Conditions.
- Enter your M-Pesa PIN to complete the registration.
- Wait for a confirmation SMS showing your assigned overdraft limit
5 Things That Can Help Your Fuliza Limit Grow
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- Use M-Pesa regularly.
- Repay Fuliza on time.
- Avoid leaving Fuliza balances unpaid for long periods.
- Keep your Safaricom line active.
- Continue using other eligible Safaricom/M-Pesa services.
