Why Fuliza Might Permanently Stop Working

Kenyans use Fuliza, one of the sites, to get access to quick loans. Fuliza is employed by Safaricom, which handles all business.

As petitioners grow and want to halt it, it is bad news for all Fuliza users.According to the petitioners, this is a banking service that is not governed by the law.

Additionally, the petitioners claim that other account holders who haven’t withdrawn any money are the source of the borrowed funds.

These three petitioners are asking Vodafone for more than Sh300 billion in Mpesa funds. Kenyan citizens are still awaiting the court’s decision on whether Fuliza is an authorized banking service or not.

Since its founding, Fuliza has expanded, and because to the excellent service they offer to Kenyans, they are now reaping enormous profits.

In addition, Fuliza has developed a straightforward method of doing transactions. Any Safaricom agent store allows customers to withdraw money immediately from their accounts.