Faraja

2 Articles
Unlike its existing loan offerings, Faraja will only be available on Till Number and Paybill - mobile payment options under Lipa na M-Pesa. [Photo/ Digi Merchant]
BUSINESSTECHNOLOGY

Safaricom to Send Debt-Collectors After M-Pesa Loan Defaulters

Although Faraja is interest-free, customers will be required to pay the normal M-Pesa transaction charges, and the credited amount within 30 days.

Safaricom CEO Peter Ndegwa
BUSINESS

Inside Safaricom’s ‘Free’ Faraja Loans For Buying Goods

Safaricom has introduced interest-free loans on its M-Pesa platform, that will allow customers to shop for goods worth up to Ksh100,000 and pay...