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FX

A running file

The mobile-credit-costs file

Every Receipt on this subject, newest first. Next on the calendar: Safaricom FY27 results: Fuliza disbursements, ticket size, customers and revenue.

  • Cost of Living DeskReceipt

    What Fuliza really costs: KES 52 to borrow KES 1,000 for a week, 271% a year

    Our verdict · Opinion

    Fuliza is priced in shillings a night, which is accurate but hard to add up; worked out as simple yearly rates, the published fees on a KES 1,000 balance come to 231% to 584% a year, sixteen to forty times the average bank loan rate.

    Using Safaricom's own published Fuliza charges, KES 1,000 kept for seven nights costs KES 52. As a simple yearly rate, by our arithmetic, that is 271%, against a 14.34% bank average and a 9.04% one-year Treasury bill. Kenyans drew KES 1.47 trillion on Fuliza in the year to March 2026.