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Monday, January 07, 2019

Fuliza Mpesa Loan

    January 07, 2019   No comments
Fuliza Mpesa loan Kenya

Fuliza Mpesa loan is a form of overdraft by Kenya's largest telco Safaricom and it's mshwari partner Commercial Bank of Africa (CBA).

The service first mentioned late last year by Safaricom is now operational and available to Mpesa users who choose to opt in and enjoy the benefits of this 'okoa loan' which I predicted sometimes back.

Read it Safaricom Okoa Mpesa Loans

This is the invitation sms from Fuliza I received;

Dear customer, Fuliza M-PESA is a new service by Safaricom to help you send money and Lipa na M-PESA when you have insufficient funds. Dial *234# to opt in

What's Fuliza

It's an overdraft service or simply Okoa Mpesa loan which allows mpesa users to send money to friends and relatives or pay for services through  Lipa na Mpesa with less or zero mpesa account balance.

Getting Started with Fuliza

You need to be an Mpesa user. With or without a smartphone you can still join fuliza by dialling *234# and select FULIZA. Proceed to accept the terms and conditions and finally register.

This is the sms I got after a successful opt in;

Dear MWABAYA, you have successfully opted into Fuliza M-PESA. Enjoy limit of Ksh 7000.00 at an Access fee of 1% and a daily fee of Kshs 0-30 on outstanding balance.
My start limit was ksh7000. This means I can send money to friends and relatives or use Lipa na Mpesa to get services worth 7k below my current Mpesa account balance.

Fuliza Loan Rates and Fees

The loan comes with an access fee of 1% of the overdraft and a daily fee of ksh 1. If you'll repay the loan after 30 days you'll have to add ksh30 as the daily fee.If you repay the same day after getting the overdraft you'll pay nil daily fee.

Withdrawing Fuliza Mpesa loan 

Actually you can't withdraw this money directly from your Mpesa account as of now. You can get this money if you'll send it to a friend or relative and then ask them to withdraw that cash from an Mpesa agent and hand it back to you.

The intended use however is 'emergency' like  paying for items or services through Lipa na Mpesa even if your Mpesa balance is low or nil.

Repay Fuliza Loan 

Safaricom will be doing direct deductions from deposits into your Mpesa account till the fuliza overdraft is fully settled.
Fuliza Loan must be fully paid after 30days. If the loan remains unpaid for more than 90days, you'll be negatively listed (blacklisted) with the Credit Reference Bureau (CRB).

Thursday, December 06, 2018

Fadhili Loan App

    December 06, 2018   No comments
Fadhili Loan App in Kenya

It's time to check out Fadhili Loan App .The lender provide loans ranging from ksh300 to ksh100000 sent to a borrower's Mpesa account  within minutes after application approval.

I tried the app but I was not lucky.I never got approved for a loan. A very important point to consider is that you'll need to pay ksh350 for your  Fadhili account to be active!   something which Kenyans like me are not comfortable with at all.

Fadhili app registration

If you wish to try Fadhili app, then here are the steps;

Getting Started with Fadhili Loan App 

  • Download Fadhili Loan App from play store 
  • Fill in the required details 
  • Confirm your number 
  • Pay the required registration amount via Mpesa.
  • Now you have an active Fadhili account 

Borrow from Fadhili Loan App 

  • Log into the app
  • Select Apply loan
  • Input the amount to borrow 
  • Select the duration of repayment 
  • Provide refree details and submit 

Repay Fadhili Loan 

  • Go to Mpesa menu 
  • Select Lipa Na Mpesa 
  • Select Paybill 
  • Enter business number 995321 (Fadhili mobile paybill number)
  • Enter your phone number as Account number 
  • Enter amount of loan to repay 
  • Enter your Mpesa PIN and submit 

How to Contact Fadhili Help Team 

In case you encounter any issues as a Fadhili app user, 
  • Write a message within the app
  • Call 0720686009

Thursday, November 29, 2018

2019 Wings To Fly Secondary School Scholarships Open

    November 29, 2018   No comments
Wings To Fly Secondary school  Scholarships 2019

Equity Bank through Wings To Fly Program is now accepting 2019 secondary school scholarship applications from deserving and qualified students.


All applicants must have attained 350 marks or above during the 2018 KCPE exams and hails from a truly needy family.

Scholarships Benefits 

Successful applicants will for four years in high receive help in the following

  • Paying school fees
  • Buying books
  • Buying uniform
  • Transport expenses 
  • Pocket money 
  • Shopping student personal stuffs 

Application Procedure 

Students, Parents or guardians need to fill in scholarship forms obtained from the nearest equity bank branches or downloaded from Wings To Fly Applications

Thereafter, all duly filled forms should be taken back to the nearest equity bank branch.

Application Deadline 

All applications should be returned to equity bank on or before 10th Dec 2018

Kindly share this. It can help someone. 

Friday, November 16, 2018

HF Whizz Increases Loan Limits

    November 16, 2018   No comments
HF Whizz users can now experience  heightened loan limits as requested,  Housing Finance  announced on Wednesday.

Check  HF Whizz Loan App if you're not yet a user.

I being one of the app users, I received an sms notification from the lender as shown below;
We've increased HF Whizz loan limits!Check yours & borrow on App  or *618#.Grow your limit to Kes 50,000 over time by transacting & saving more!#BankSaveGrow

When I checked on my whizz app, my loan limit was now ksh 30000 from only ksh6000 before. This is five folds up and the highest I can borrow from a loan app as of this date.Currently  Tala is giving me ksh 27000, Branch is offering me ksh23000, PesaPap offers me ksh 20500, Timiza is offering me ksh 20200 and the rest of loan apps offer me below ksh20000 .

HF Whizz Loan App limits increases

If you have the whizz loan app just login and check your loan limit today. You can as well use the USSD Code *618# to access Hf whizz services.