Fuliza, a service provided by Safaricom, is one of the most convenient ways to complete transactions when your M-Pesa account balance is insufficient. Whether you’re paying bills, sending money, or making purchases, Fuliza ensures that you can go ahead with your transaction by providing an overdraft.
But how do you Fuliza money to another number? In this comprehensive guide, we’ll walk you through the simple steps and other essential details you need to know to use the Fuliza service.
What is Fuliza?
Fuliza is an M-Pesa service that allows you to borrow money when you don’t have enough balance in your M-Pesa account. It’s essentially an overdraft facility that grants you access to funds based on your credit viability, which is determined by your Mpesa usage and Safaricom’s terms.
Once activated, you can use Fuliza any number of times as long as you stay within your credit limit. The limit can vary depending on your usage of the service, and Fuliza charges may apply based on the amount borrowed.
How to Fuliza Money to Another Number
To use the Fuliza service, follow these simple steps:
- Activate Fuliza:
- Dial *334# on your phone.
- Select Option 4 (Loans and Savings).
- Select Option 1 for Fuliza.
- Opt-in by selecting the “Yes” option.
- Dial *234# and select Option 0 for Fuliza M-Pesa.
- Select “Yes” to activate Fuliza and then accept the terms and conditions.
- Send Money Using Fuliza:
- Go to your M-Pesa menu.
- Click on the “Send Money” option.
- Enter the phone number of the recipient.
- Type the amount you want to send (based on your Fuliza limit).
- Enter your M-Pesa PIN and confirm.
- You will receive a confirmation SMS with details of your transaction, including your Fuliza balance and the due date for repayment.
How to Pay for Tokens Using Fuliza
To pay for tokens via Fuliza, follow these steps:
- Go to the M-Pesa menu.
- Choose Lipa na M-Pesa Pay Bill.
- Enter 737373 as the business number (KPLC’s payment number).
- Input your KPLC meter number as the account number.
- Enter the amount to pay for your tokens.
- Input your M-Pesa PIN and click Send.
A pop-up message will prompt you to select Fuliza to pay for the transaction. Select Option 1 and proceed. You will receive an SMS confirming the payment and your token.
How to Fuliza to My M-Pesa
At present, it is not possible to Fuliza money directly to your own M-Pesa account. However, you can use Fuliza to send money to another number, make purchases, or pay bills through the Lipa na M-Pesa services.
You can also withdraw Fuliza funds even when your account balance is zero.
Fuliza Charges
Fuliza is an overdraft service, and it comes with its own set of charges. These include a one-time access fee and a daily maintenance fee. The access fee is based on the amount borrowed, and the daily fee varies depending on your overdraft amount.
Here’s a breakdown of Fuliza charges:
| Min (Kshs.) | Max (Kshs.) | Tariff charges (Kshs.) | 20% Exercise Duty (Kshs.) | Total charges (Kshs.) |
|---|---|---|---|---|
| 1 | 100 | 0 | 0 | 0 |
| 101 | 500 | 2.5 (free for first 3 days) | 0.5 | 3 |
| 501 | 1,000 | 5 (free for first 3 days) | 1 | 6 |
| 1,001 | 1,500 | 18 | 3.6 | 21.6 |
| 1,501 | 2,500 | 20 | 4 | 24 |
| 2,501 | 70,000 | 25 | 5 | 30 |
How to Withdraw Fuliza Money
To withdraw your Fuliza funds, follow the standard procedure for M-Pesa withdrawals:
- Go to your M-Pesa menu.
- Select Withdraw Cash.
- Choose Agent.
- Enter the amount to withdraw and press OK after entering your M-Pesa PIN.
- You will be prompted to confirm using Fuliza. Select Proceed.
You will be charged both Fuliza fees and withdrawal fees based on the amount withdrawn.
How to Fuliza Money to Another Number – FAQs
Does Fuliza Have CRB?
Yes, Fuliza accounts are reported to the Credit Reference Bureau (CRB) if you default on your loan for more than 30 days. Failure to repay your loan on time or exceeding your credit limit can result in your name being listed on the CRB blacklist.
Who Qualifies for Fuliza?
To qualify for Fuliza, you must be a Mpesa registered user and have an active Safaricom line for at least six months. Upon activation, you are assigned a specific Fuliza limit based on your Mpesa usage.
How Many Accounts Can I Have for Fuliza?
Each Mpesa-registered line is treated as a separate Fuliza account, even if they belong to the same person. Therefore, you can have multiple lines, each with its own Fuliza limit.
Conclusion
Using Fuliza money to another number is a convenient way to ensure you can complete transactions even when you have insufficient funds. Whether you need to send money, pay for services, or buy goods, Fuliza makes it possible as long as you remain within your credit limit.
By following the simple steps outlined in this guide, you can make the most out of Fuliza and continue enjoying the benefits of M-Pesa’s overdraft services.
Good luck as you enjoy the convenience of Fuliza services!
