Safaricom Introduces Faraja – A Loan Service For Buying Goods

Safaricom has launched Faraja, a zero-desire credit history provider in partnership making it possible for prospects to store for items up to Sh100,000 and pay out later on.

The new mobile assistance, acquire now pay later is in partnership with Equity Bank and Edomx Ltd, it will allow consumers to buy merchandise and companies from as low as Sh20 to a maximum of Sh100,000 and shell out the exact same amount of money with no any more expenses.

In accordance to Safaricom, 1 will only be required to repay the remarkable facility sum as advanced to you employing the selected Paybill range or this sort of other channels as presented from time to time.

Faraja is offered to qualifying M-Pesa clients with an lively Safaricom line, with credit history limits identified by credit viability.

How to join Faraja

To choose-in to faraja, buyers will be demanded to dial *799#, and decide on Decide in.

How to pay out using Faraja

• Dial *799#
• Decide on both 1. Purchase merchandise and Companies or 2. Paybill.
• For Purchase products, you will be prompted to enter the till range, amount of money and M-Pesa pin
• You will get a notification on the results/failure of your transaction.
• For Paybill, you will be prompted to enter the enterprise number and account quantity, followed by M-Pesa pin.
• This assistance calls for you to enter your M-Pesa pin at each transaction and the place authentication is expected.