Getting a higher Fuliza limit can help you manage transactions even when your Mpesa balance is low.
Fuliza, an overdraft service offered by Safaricom for Mpesa users, allows you to complete transactions that exceed your available balance. This feature is particularly useful for those who rely heavily on mobile money for daily transactions.
However, many users find themselves starting with a low or even zero limit, which can be frustrating. Fortunately, there are several strategies you can employ to increase your Fuliza limit quickly and effectively.
What is Fuliza?
Fuliza is a mobile overdraft service offered by Safaricom that allows Mpesa users to complete transactions even when they have insufficient funds in their accounts.
When a user attempts a transaction that exceeds their available balance, Fuliza automatically covers the shortfall up to a certain limit. This feature not only prevents declined transactions but also provides a safety net for emergencies like unexpected bills or urgent payments.
The service operates without requiring traditional loan applications or credit checks; instead, it assesses users based on their transaction history and repayment behavior within the Mpesa ecosystem.
Fuliza Eligibility Requirements
To be eligible for Fuliza, users must meet specific criteria set by Safaricom. Here are the key requirements:
- Active Mpesa Account: You must have an active Mpesa account registered under your name.
- Minimum Usage Period: Users need to have been active on Mpesa for at least six months to qualify.
- Regular Transactions: Consistent usage of Mpesa services such as sending money, paying bills, or purchasing airtime is essential.
- Registered Identity: Your Mpesa account should be registered using a national ID, Kenyan passport, or military ID.
Meeting these requirements helps Safaricom assess your creditworthiness and determine your initial Fuliza limit.
How to Activate Fuliza
Activating Fuliza is a straightforward process. Here’s how you can do it:
- Dial USSD Code: Use the USSD code *234# or *334# on your mobile phone.
- Select Fuliza Option: Navigate through the menu to find the “Fuliza” option under “Loans and Savings.”
- Opt-In: Follow the prompts to opt into the service and accept the terms and conditions.
- Confirmation: After completing the steps, you will receive an SMS confirming whether your activation was successful or if you do not meet the eligibility criteria.
- Once activated, your Fuliza limit will be determined based on your transaction history and overall creditworthiness.
What is the Fuliza Limit for New Customers?
For new customers, the initial Fuliza limit often starts at zero or a very low amount (as low as Ksh 300). This limit is gradually increased based on responsible usage of Mpesa services over time.
Generally, new users should expect their limits to be reviewed every 90 days after activation, provided they meet all usage criteria consistently.
Generally, higher limits are typically reserved for users who demonstrate good financial behavior through timely repayments and regular transactions.
How to Increase Fuliza Limit Fast: 8 Methods
Make Timely Loan Payments
One of the most effective ways to increase your Fuliza limit is by making timely repayments on any loans taken through the service. Consistently repaying within the stipulated time frame demonstrates reliability and improves your creditworthiness in Safaricom’s eyes.
Increase Your Mpesa Transaction History
The more you use Mpesa for various transactions—such as sending money, paying bills, or purchasing goods—the better your chances of increasing your Fuliza limit. A robust transaction history signals responsible financial behavior and can lead to higher credit limits over time.
Use Safaricom Services More Frequently
Engaging with other Safaricom services beyond Mpesa can positively influence your credit profile. Regular use of voice calls, data services, and other offerings can enhance your overall standing with Safaricom.
Maintain a Good Credit Score
Although Fuliza does not require traditional credit checks, maintaining a good credit score across other platforms can still benefit you. Ensure that any loans from other lenders are repaid on time to avoid negative marks that could affect your overall financial profile.
Request Fuliza Limit Increase
If you believe you qualify for a higher limit based on improved usage patterns and timely payments, don’t hesitate to request an increase directly through customer support channels or via USSD options available in the Mpesa menu.
Use Fuliza for a Longer Time
The longer you use Fuliza responsibly, the more likely it is that Safaricom will increase your limit. Regular usage over several months helps build trust between you and the service provider.
Avoid Loan Defaults
Defaulting on any loan repayments can severely impact your ability to increase your Fuliza limit. Ensure that you repay any borrowed amounts promptly to maintain a positive repayment history.
Monitor Your Loan Limits
Regularly checking your Fuliza loan limits through USSD codes or the Mpesa app allows you to stay informed about any changes in your credit status. Understanding how changes in usage affect your limit can help you strategize effectively.
*** By implementing these strategies diligently, you can significantly increase your Fuliza limit and enjoy greater financial flexibility in managing your daily transactions through Mpesa.