Kenyans borrowed an average of KSh4.015 billion daily through Fuliza in the year ending March 2026, reflecting a sharp increase in reliance on short-term mobile credit.
According to the latest figures, total Fuliza disbursements rose by 49.3 percent to KSh1.47 trillion, up from KSh981.6 billion recorded the previous year.
Repayments also increased by 49.2 percent to KSh1.49 trillion from KSh996.7 billion, maintaining a repayment-to-disbursement ratio of 101.5 percent.
The overdraft service is operated by Safaricom and allows users to complete transactions even when they have insufficient funds in their mobile money accounts.
Despite the rise in borrowing, the average amount borrowed per transaction dropped by 9.7 percent to KSh217.9 from KSh241.2.
The figures suggest that more users are increasingly depending on smaller but more frequent overdrafts to meet daily household and personal expenses amid ongoing economic pressure.
The number of Fuliza users more than doubled during the period, increasing by 123.7 percent to 17.7 million users from 7.9 million.
Revenue generated from the service also rose significantly, growing by 46 percent to KSh6 billion from KSh4.1 billion.
The latest data highlights the growing dependence on digital micro-credit solutions among Kenyans as the cost of living and financial pressures continue to push households toward short-term borrowing.
