All posts tagged: fuliza

Fuliza M-Pesa, A Continuous Flowing of Riba

Kenyans borrowed Sh1.32 billion daily from Safaricom’s overdraft facility Fuliza between April and September this year, underlining increasing reliance on loans for household use. This was revealed by Safaricom on Wednesday, which posted a Sh37.055 billion net profit for the half year to September 30 boosted by higher M-Pesa revenue. Safaricom’s financial results show that […]