The service targets merchants registered on Pochi La Biashara, Safaricom's M-PESA service that allows business owners to receive customer payments directly into their business wallets.
Through Fuliza ya Pochi, eligible traders can access short-term overdraft facilities when their business accounts have insufficient funds to complete certain transactions. The facility is expected to benefit small-scale traders, shopkeepers, market vendors and other entrepreneurs who frequently experience cash-flow challenges.
Interested business owners can access the service by following a few simple steps. They need to dial *334# using their Safaricom line, select option 8 for Pochi La Biashara, choose option 1 for Join Pochi Fuliza, read and accept the terms and conditions, and enter their M-PESA PIN to confirm registration. Eligible customers can also access the facility through the Pochi Mini App on My OneApp.
Repayment is designed to be automatic, with outstanding amounts recovered from subsequent payments received through the merchant's Pochi wallet.
The introduction of Fuliza ya Pochi highlights Safaricom's continued efforts to support small businesses through digital financial solutions. For entrepreneurs who depend on daily sales, access to emergency working capital could help them restock products, pay suppliers and meet urgent business expenses.
However, borrowers are encouraged to understand the applicable charges, repayment conditions and borrowing limits before using the facility.
Source: https://www.facebook.com/share/p/1DVg8gXMg8/
Leave a Reply