How to Increase Fuliza Amount.

Many young Kenyans can't fathom a time before Fuliza, a service that has extricated numerous Safaricom customers from financial tight spots. Co-launched by Safaricom, KCB, and NCBA, Fuliza has transformed payment methods, and recent improvements make it even more appealing. Safaricom recently disclosed a 50% reduction in daily charges for loans below Sh1000.

Daily fees for loans up to Sh1000 have dropped from Ksh10 to Ksh5, with the 1% access fee on all borrowings remaining unchanged. Loans below Ksh500 now incur Ksh3 daily charges, down from Ksh5, while the upper band of Ksh2500 to Ksh70,000 enjoys a 16.7% price cut, decreasing from Sh30 daily to Sh25.

Additionally, Safaricom introduced a three-day interest waiver on loans below Ksh1000, meaning no interest accrues if repaid within this period.

For Fuliza users aiming to increase their limits and benefit from reduced interest rates on larger amounts, consider these five strategies:

1. **Frequent Safaricom Service Use:**

   Increase your Fuliza limit by regularly utilizing Safaricom services. This demonstrates reliability and may lead to a higher limit.

2. **Timely Repayments:**

   Ensure prompt repayment of Fuliza balances to showcase responsible borrowing behavior. Timely repayments can result in a limit increase, as you'll be perceived as a low-risk borrower.

3. **Enhance M-Pesa Transaction History:**

   Boost your Fuliza limit by conducting more transactions through M-Pesa. Lenders assess transaction history and payment behavior to gauge creditworthiness.

4. **Maintain a Good Credit Score:**

   Your credit score significantly influences your Fuliza limit. Make timely payments, avoid loan or credit card defaults, and maintain a favorable debt-to-income ratio for a positive impact on your creditworthiness.

5. **Upgrade Mobile Money Account:**

   Depending on the mobile network operator, upgrading your mobile money account to a higher tier may result in a higher Fuliza limit. Providing additional information, such as proof of income, can support this enhancement.

6. To request a Fuliza limit increase:

1. Be a frequent MPesa and Fuliza user, ensuring timely loan repayments and no outstanding balances.

2. Dial *234# on your registered MPesa line.

3. Select Fuliza M-PESA.

4. Opt-Out.

5. Dial *234# again, selecting Opt-In instead.

This straightforward process has a chance of success, with Safaricom potentially resetting your balance to the default Ksh300.

7. **Service Loyalty and Duration:**

   The duration of your service usage can impact your limit. Prolonged and consistent use may lead to a higher Fuliza limit, reflecting loyalty and reliability.