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Safaricom’s loan product, Fuliza, has gone live following approval from the Central Bank of Kenya (CBK). M-PESA users will be able to access the service through a USSD code and CBA Bank is Fuliza’s funding partner. Unlike short loan services like M-Shwari that have a fixed monthly facility fee based on the amount borrowed, Fuliza will charge a facility fee of 0.5% per day on the outstanding balance.
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