The move aims to address credit gaps for MSMEs while offering convenience and flexibility on repayments and loan terms
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Customers can access the service at businesses which offer Faraja by dialling *799# to opt-in or make a payment, or by selecting the Faraja mini-app on the M-PESA Super App.
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The service will advance an overdraft of upto KSh400,000 with a 24 hour interest-free period.
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Kenya’s mobile network operators Telkom, Safaricom, and Airtel on Friday, April 8, 2022, announced the interoperability of their mobile money service platforms. This now allows Kenyans to make mobile money payments to a Lipa Na M-PESA Buy Goods Till, from
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