Fuliza, a revolutionary overdraft facility by Safaricom’s M-Pesa, has become an essential financial tool for millions of Kenyans. With its ability to provide instant credit for everyday transactions, it has transformed how we manage cash flow during emergencies. However, many users face challenges with low Fuliza limits, limiting its full potential. This article dives deep into the strategies and practices you can adopt to increase your Fuliza limit effectively.
Understanding Fuliza
Fuliza allows M-Pesa users to complete transactions even when their account balance is insufficient. It automatically extends credit for payments, which must be repaid within a stipulated time frame (usually 30 days).
Key Features of Fuliza:
- Accessible via M-Pesa.
- Instant overdraft approval based on creditworthiness.
- Interest charged on the amount utilized daily until repayment.
Increasing your Fuliza limit provides greater financial flexibility, allowing you to handle larger transactions and emergencies more efficiently.
Why Is Your Fuliza Limit Low?
The starting limit for most users is relatively modest, typically ranging from Ksh. 100 to Ksh. 2,000. Factors influencing your initial limit include:
- M-Pesa Transaction History: Limited or inconsistent M-Pesa usage lowers your perceived creditworthiness.
- Safaricom Active Days: A low number of days as an active Safaricom user.
- Timely Fuliza Repayments: Frequent defaults or delays in repaying Fuliza negatively impact your limit.
- CRB Status: A poor credit record reduces the chances of receiving higher limits.
Steps to Increase Your Fuliza Limit
1. Maintain an Active M-Pesa Account
Regularly use M-Pesa for everyday transactions such as:
- Sending and receiving money.
- Paying bills (electricity, water, etc.).
- Purchasing airtime and data bundles.
Pro Tip: Ensure your account remains active by transacting at least 3–5 times per week.
2. Repay Your Fuliza on Time
Safaricom monitors how promptly you settle your Fuliza overdraft. To build trust with the service:
- Repay your Fuliza debt within 30 days or earlier.
- Avoid exceeding the repayment deadline to prevent being flagged as a defaulter.
Example: If you borrow Ksh. 1,000, repay it in full before using the service again to demonstrate financial responsibility.
3. Increase Your M-Pesa Wallet Transactions
The volume and frequency of your transactions significantly affect your Fuliza limit. Engage in:
- High-value transactions (e.g., paying school fees, shopping).
- Frequent small transactions (e.g., buying groceries or sending money to friends).
Tip: Use M-Pesa for as many payments as possible, even when other payment methods are available.
4. Improve Your Credit Score
Fuliza evaluates your creditworthiness through Safaricom and external credit scoring tools like CRB. To maintain or improve your score:
- Repay loans (e.g., M-Shwari, KCB M-Pesa) promptly.
- Avoid defaults on other credit facilities.
- Regularly check your CRB status and clear negative listings.
5. Use Fuliza Regularly
Consistent usage signals that you rely on the service. Safaricom is more likely to reward loyal users with higher limits.
- Borrow small amounts and repay them regularly.
- Gradually increase your Fuliza usage over time.
6. Update Your Safaricom Sim Card Details
Ensure that your Safaricom line is fully registered and updated with accurate details. This includes:
- Submitting your National ID or passport.
- Linking your line to other Safaricom services like M-Shwari and KCB M-Pesa.
A fully verified account boosts Safaricom’s confidence in offering you higher credit limits.
7. Contact Safaricom Customer Care
If you believe your Fuliza limit is too low despite fulfilling all requirements, contact Safaricom:
- Dial 100 or visit a Safaricom shop.
- Request a review of your Fuliza limit.
- Provide evidence of consistent usage and repayment history.
Frequently Asked Questions (FAQs)
Q1: Can I have multiple Fuliza accounts?
No, Fuliza is tied to your primary Safaricom M-Pesa line. You cannot access it from other numbers.
Q2: How long does it take to increase my Fuliza limit?
Once you follow the steps outlined above, you may see an increase within 30–90 days, depending on your account activity and repayment behavior.
Q3: Can Fuliza be disabled?
Yes, you can opt-out of Fuliza by dialing *234# and selecting the opt-out option. However, it’s advisable to use the service responsibly instead.
Fuliza Limit Comparison Table
| Factor | Low Limit User | High Limit User |
|---|---|---|
| M-Pesa Transactions | Low frequency/volume | Frequent high-value transactions |
| Repayment History | Defaulted/late payments | Timely repayments |
| Safaricom Line Age | New subscriber | Long-standing subscriber |
| Creditworthiness | Poor credit score | Good credit score |
Enhancing Your Fuliza Experience
Maximizing the benefits of Fuliza involves more than just increasing your limit. Follow these additional tips:
- Monitor Your Usage: Avoid borrowing more than you can repay comfortably.
- Diversify Financial Tools: Use Fuliza alongside savings accounts or short-term loans.
- Stay Informed: Regularly check for updates from Safaricom about Fuliza promotions or policy changes.
Take Control of Your Fuliza Limit Today
Increasing your Fuliza limit unlocks greater financial freedom, allowing you to manage emergencies and daily expenses seamlessly. Start by maintaining an active M-Pesa account, repaying your overdrafts on time, and improving your credit score.
Ready to increase your Fuliza limit? Start implementing these tips today and enjoy a more flexible financial experience with M-Pesa!
