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Safaricom's Fuliza sees increased borrowing during Covid crisis

Tuesday 10 November 2020 | 15:44 CET | News
Kenyan operator Safaricom's subscribers increased borrowing from the overdraft service Fuliza in the six months to September by a third, to KES 149.4 billion, under the influence of the Covid-19-induced lockdown that led to layoffs and pay cuts, Business Daily reported. Fuliza overdrafts rose from KES 112.2 billion in the same period a year earlier, indicating a daily average borrowing of KES 830 million. 

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Categories: Mobile & Wireless
Companies: Safaricom
Countries: Kenya
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