Boost ya Biashara (Fuliza ya Biashara) is an overdraft credit service available to business owners using the M-Pesa business till for conducting various business transactions. Once Fuliza ya Biashara is activated on your line, you can complete transactions by overdrawing your account, even if you have insufficient funds in your Till, as long as you stay within the allocated limit.
To be eligible for this facility, a business owner must have been active on M-PESA for Business for a minimum of 6 months. This service is not accessible to Pochi la Biashara business owners.
After opting into this overdraft service as a business owner, you are allowed to perform the following transactions:
- Pay to a mobile number/customer
- Pay to a utility (Pay bill) till
- Pay to another Buy Goods till
- Withdraw to the nominated number
- Withdraw to M-PESA agent
Read Best Loan Apps in Kenya for Instant Loans.
How to Activate Fuliza ya Biashara
- Dial *234# a nominated number
- Select M-PESA Business Till
- Enter your HO/Store Number
- Select Business Loans
- Select Boost ya Biashara
- Next, select Join Now
- Accept the Terms & Conditions
- Enter the Operator ID
- Next, Enter the Operator PIN
- Accept and complete the opting-in
- The Merchant will receive a message confirming successful opting in and the limit allocated
You can also download the M-PESA Business app from Google Play Store and use it to activate this service.
Boost ya Biashara Charges
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, as shown in the table.
| 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 should be repaid within 30 days. The repayments are 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 check if funds are available.
If you fail to repay the Fuliza ya Biashara 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, transact more often on your Business Till and repay the overdraft loan earlier through Lipa na M-PESA.
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