This Fuliza thing, how is it structured? Is it Safaricom acting as a fintech and providing fintech loans? Meaning Safaricom has used its vast money reserves to lend to people at an interest? Or is it CBA doing the lending as an additional product on top of mshwari?
This is different from Mpesa which is a deposit taking operation and thus linked to CBA.
Since Fuliza is an overdraft on mpesa account, of which mpesa is an account with cba bank, i would imagine Fuliza is a cba bank product that safaricom is pushing and making money. I could be wrong though.
Anyone with real insight on this.
They must find it difficult....... those who have taken authority as the truth, rather than truth as the authority. -G. Massey.