Fuliza loans from Safaricom have exceeded one trillion shillings for the first time in the year ending March 2026.
Data shows that 17.7 million Kenyans now rely on this quick loan service. It signals a major rise in the use of small-scale credit across the country.
Safaricom chief executive Peter Ndegwa noted that the service has become essential for many customers. The company continues to offer loans via mobile phones.
The report comes as many Kenyans seek easier financial options.
Ti AI ṣe iroyin Àwòrán tí AI ṣe
The Kenya National Bureau of Statistics released its 2025 Remittances Household Survey Report on Tuesday showing total inflows of Ksh931.8 billion from June 2024 to May 2025. The United States accounted for 43.5 per cent of the total. Most funds went to household consumption rather than investment.
The World Bank will release a KSh96.9 billion loan to Kenya before the end of June after the country met required reform conditions.
Ti AI ṣe iroyin
The World Bank has outlined three regulatory conditions Kenya must meet by June 30 to secure a Ksh96.9 billion budget support loan. The funds will support salaries and daily government operations. The requirements follow Kenya's request for aid amid fuel supply disruptions and external shocks from the Middle East conflict.
Banco Nación announced a new personal loan line to consolidate debts into a single monthly payment. The measure aims to prevent default and protect clients' credit histories.
Ti AI ṣe iroyin
In Colombia, over 50% of microentrepreneurs' credit requests go toward financing inventory, according to fintech Plurall data. The company disbursed more than $5 million in microcredits in 2025, mainly for small businesses and emerging sectors. This trend addresses inflation and the need for quick market responses.