Increasing your Fuliza limit from 0 to 10,000 KES involves demonstrating reliable usage and repayment behaviors, maintaining an active M-Pesa account, and leveraging other Safaricom services. Here’s a detailed guide to help you achieve this:
Step-by-Step Guide to Increase Fuliza Limit
1. Register and Activate Fuliza
Ensure you are registered for the Fuliza service:
- Dial
*234#on your Safaricom line. - Select “Fuliza M-Pesa” and follow the prompts to activate the service.
Learn more on 8 Steps on How To Increase Fuliza Loan Limit
Alternatively, you can use the M-Pesa app:
- Open the M-Pesa app.
- Navigate to the “Loans and Savings” section.
- Select “Fuliza M-Pesa” and follow the activation instructions.
2. Understand the Criteria
Fuliza determines your limit based on your M-Pesa usage, transaction history, and repayment behavior. The following steps outline how to improve these factors:
3. Regularly Use Fuliza
To demonstrate your need for a higher limit:
- Frequent Transactions: Regularly use Fuliza to complete transactions when your M-Pesa balance is insufficient. This could include paying for goods and services, sending money, or other payments.
- Utilize Available Limit: If you have an initial limit, use it regularly and responsibly to show that you need and can handle a higher limit.
4. Timely Repayments
Repaying your Fuliza balance on time is crucial:
- Immediate Repayment: Whenever you use Fuliza, aim to repay the borrowed amount as soon as possible. This builds a positive repayment history.
- Automatic Repayment: Set up your M-Pesa account to auto-repay Fuliza balances when funds are deposited. This ensures timely repayments.
5. Maintain an Active M-Pesa Account
An active M-Pesa account indicates regular financial activity:
- Increase Transaction Volume: Engage in frequent M-Pesa transactions such as sending money, receiving money, buying airtime, and paying bills.
- Consistency: Use M-Pesa consistently to show you are an active user. High transaction frequency and volume positively impact your Fuliza limit.
6. Save and Borrow with M-Shwari
Utilize other Safaricom financial services to enhance your credit profile:
- Save Regularly: Save money with M-Shwari to demonstrate financial discipline.
- Borrow and Repay: Take M-Shwari loans and repay them on time. A good credit history with M-Shwari can positively influence your Fuliza limit.
7. Update Personal Information
Ensure your personal details are accurate and up-to-date with Safaricom:
- Correct Identification: Ensure your ID details are correct and verified.
- Complete Profile: Make sure your profile information is complete and updated, including contact details and any other necessary information.
8. Contact Customer Service
If your Fuliza limit remains low despite following these steps:
- Reach Out: Contact Safaricom customer service and request a review of your Fuliza limit.
- Provide Evidence: Be prepared to provide evidence of your M-Pesa transaction history, Fuliza usage, and repayment behavior to support your request.
Additional Tips
Consistent Financial Behavior
- Financial Discipline: Maintain financial discipline across all your financial dealings, including timely repayments and regular savings.
- Holistic Approach: Use multiple Safaricom services (e.g., M-Pesa, M-Shwari, KCB M-Pesa) to build a comprehensive positive financial profile.
Patience and Persistence
- Gradual Increase: Increasing your Fuliza limit takes time. Continuously demonstrate responsible usage and repayment behavior.
- Monitor Your Limit: Regularly check your Fuliza limit to track any increases. Stay engaged with the service and adjust your usage as needed.
Conclusion
To increase your Fuliza limit from 0 to 10,000 KES, focus on maintaining an active M-Pesa account, using Fuliza regularly, making timely repayments, and leveraging other Safaricom financial services. Demonstrating consistent financial discipline and responsible behavior will help you build a strong credit profile, thereby increasing your Fuliza limit over time. If needed, don’t hesitate to contact customer service for assistance in reviewing and adjusting your limit.
