Fuliza ya Biashara: How to Activate and Daily Charges

Fuliza ya Biashara is an overdraft credit service available to business owners using the M-Pesa business till for conducting various business transactions in Kenya. Once you activate this service on your M-Pesa line, you can complete transactions by overdrawing your account, even if you have insufficient funds in your Till, as long as you stay within your allocated limit.

To be eligible for the Fuliza ya Biashara (Boost ya Biahara) facility, a business owner must have been active on M-PESA for Business for at least 6 months.

Take note that this service is not accessible to Pochi la Biashara business owners.

Business owners who have activated the Fuliza Biashara overdraft service have access to the following transactions:

1. Pay to a mobile number/customer
2. Pay to a utility (Pay bill) till
3. Pay to another Buy Goods till
4. Withdraw to the nominated number
5. Withdraw to M-PESA agent

Read Best Loan Apps in Kenya for Instant Loans.

How to Activate Fuliza ya Biashara

1. Dial *234# on a nominated number
2. Select M-PESA Business Till
3. Enter your HO/Store Number
4. Select Business Loans
5. Select Boost ya Biashara
6. Next, select Join Now
7. Accept the Terms & Conditions
8. Enter the Operator ID
9. Next, Enter the Operator PIN
10. Accept and complete the opt-in
11. The Merchant will receive a message confirming successful opting in and the limit allocated

You can also download the M-PESA Business app from the Google Play Store and use it to activate this service.

Fuliza ya Biashara Charges

While you can access up to Ksh. 400,000 depending on your credit limit, Fuliza ya Biashara charges an access fee of 2% for every amount disbursed and a daily maintenance fee of up to Ksh. 250 depending on the amount.

The table below summarizes Fuliza ya Biashara daily charges:

Amount (KSh)	Daily Maintenance Fee (KSh)
1 – 999	0
0 – 2,499	12
2,500 – 5,000	30
5,001 – 15,000	50
15,001 – 35,000	150
35,001 – 70,000	200
70,001 – 100,000	250
100,001 – 400,000	250

Repayment and Penalties

The money borrowed is supposed to be repaid within 30 days. The repayments will be automatically deducted from the funds received in your Business Till, every 30 minutes of the hour. The system will keep on checking your Till to see if funds are available.

If you fail to repay the overdraft loan on time, you will be barred from accessing the service and your limit reduced. After 91 days of the due date, you will be listed on CRB.

To boost your limit, you need to transact more often on your Business Till and repay the overdraft loan earlier through Lipa na M-PESA.

Read: Easiest Ways to Increase Your Fuliza Limit.