Small and medium-sized enterprises (MSMEs) are the backbone of Kenya’s economy, yet access to quick and affordable credit remains a challenge. Safaricom has stepped in to bridge this gap with Fuliza for Business, a revamped overdraft facility, and Taasi loans, offering short-term credit to merchants.
This initiative aligns with Safaricom’s commitment to financial inclusion, empowering businesses with seamless credit solutions via M-PESA. Whether you’re a Lipa na M-PESA merchant or a Pochi la Biashara user, this guide explores how you can leverage these products to grow your business.
What is Fuliza for Business?
Fuliza for Business (Fuliza Biashara) is an overdraft facility designed for Lipa na M-PESA merchants, allowing them to access instant credit when cash flow is tight.
Key Features:
- Credit Limit: Kshs 1,000 – Kshs 400,000 (based on eligibility).
- Flexible Repayment: Automatically deducted from incoming till payments.
- Accessible via: M-PESA Business App or *234# USSD.
Introducing Taasi Loans: Short-Term Business Credit
Alongside Fuliza, Safaricom has launched Taasi Till and Taasi Pochi, tailored for different business needs.
1. Taasi Till (For Lipa na M-PESA Merchants)
- Loan Range: Kshs 1,500 – Kshs 250,000.
- Repayment Period: 14–30 days.
- Eligibility: Active till for at least 6 months.
2. Taasi Pochi (For Pochi la Biashara Users)
- Loan Range: Kshs 1,000 – Kshs 250,000.
- Access: Via M-PESA App or *334*8# USSD.
How to Apply for Fuliza for Business & Taasi Loans
Eligibility Requirements:
✔ Active Lipa na M-PESA till or Pochi wallet for 6+ months.
✔ Consistent transaction history.
Application Process:
- For Fuliza Biashara:
- Open the M-PESA Business App or dial *234#.
- Select Fuliza Biashara and follow prompts.
- For Taasi Till/Pochi:
- Dial *334*8# for Pochi loans.
- Use *234# for Taasi Till.
Once approved, funds are deposited directly into your M-PESA wallet.
Why This Matters for Kenyan MSMEs
Dr. Peter Ndegwa, Safaricom CEO, emphasized:
“Businesses play a pivotal role in Kenya’s economy. Taasi and Fuliza Biashara offer convenience and access to credit, allowing MSMEs to scale.”
Benefits:
✅ Quick access to working capital – No lengthy paperwork.
✅ Flexible repayment – Aligned with business cash flow.
✅ Supports financial inclusion – Especially for informal sector traders.
Conclusion
With Fuliza for Business and Taasi loans, Safaricom is revolutionizing credit access for Kenyan entrepreneurs. These solutions provide fast, flexible, and affordable funding, helping businesses thrive even in challenging economic times.
If you’re an MSME owner, take advantage of these tools today and keep your business moving forward!
How has Fuliza for Business helped your enterprise? Share your thoughts in the comments!
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