Safaricom, the giant telecommunications company, has recently launched a new service called Fuliza ya Biashara that aims to provide affordable credit to small and micro businesses in Kenya. The service will be available on the M-Pesa Business till, and will allow business owners to complete transactions even when they have insufficient funds in their accounts by overdrawing their accounts. This article will provide a step-by-step guide on how to activate Fuliza ya Biashara.
How to activate and use Fuliza Biashara
Step 1: Dial *234# from the nominated number To activate Fuliza ya Biashara, you will need to dial *234# from the phone number that is linked to your M-Pesa Business Till account. This will take you to the M-Pesa menu.
Step 2: Select M-PESA Business Till From the M-Pesa menu, select “M-PESA Business Till” to proceed to the next step.
Step 3: Select business loans Once you have selected “M-PESA Business Till”, you will be presented with a list of options. Select “business loans” to proceed to the next step.
Step 4: Select Fuliza ya Biashara After selecting “business loans”, you will be presented with a list of loan options. Select “Fuliza ya Biashara” to proceed to the next step.
Step 5: Accept terms and conditions Before you can activate Fuliza ya Biashara, you will need to accept the terms and conditions. Make sure to read through the terms and conditions carefully before accepting them.
Step 6: Enter operator ID After accepting the terms and conditions, you will be prompted to enter your operator ID. This is the unique identification number that you use to log into your M-Pesa Business Till account.
Step 7: Enter operator PIN Once you have entered your operator ID, you will be prompted to enter your operator PIN. This is the unique code that you use to secure your M-Pesa Business Till account.
Step 8: Receive confirmation message After entering your operator ID and PIN, you will receive a message confirming that you have successfully activated Fuliza ya Biashara. The message will also indicate the Fuliza ya Biashara limit that has been assigned to your account.
Fuliza ya Biashara is a new service from Safaricom that aims to provide affordable credit to small and micro businesses in Kenya. Activating the service is a straightforward process that involves dialing *234# from the nominated number, selecting “M-PESA Business Till”, selecting “business loans”, selecting “Fuliza ya Biashara”, accepting the terms and conditions, entering your operator ID, entering your operator PIN, and receiving a confirmation message. With Fuliza ya Biashara, small and micro businesses in Kenya can now access the credit they need to grow and succeed.