Safaricom Faraja Loan is changing the way Kenyans shop and pay for services by introducing a Buy Now, Pay Later (BNPL) option with 0% interest. This point-of-sale credit service lets eligible M-PESA users purchase goods or pay for services instantly and repay the amount within a set period all without incurring any loan interest.
Faraja is designed to support everyday consumers by providing flexible access to credit when shopping at partner merchants, including major outlets like Naivas Supermarkets.
What Is Faraja Loan and How Does It Work?
Faraja is a digital credit product by Safaricom, supported by Equity Bank, that enables M-PESA users to make purchases or settle bills using a short-term loan, with the only cost being standard M-PESA transaction charges.
Here’s what makes Faraja unique:
- No interest is charged on the loan amount
- Choose between 7-day or 30-day repayment periods
- Available for purchases ranging from Ksh 20 up to Ksh 100,000
- Accessible only through selected partner outlets
- Credit limit is based on your M-PESA usage and credit viability
Please note: New M-PESA customers are currently not eligible for Faraja. Only pre-qualified users with active Safaricom lines can access the service.
Where Can You Use Faraja?
Faraja loans can only be used at partner outlets, such as:
- Naivas Supermarkets
- Other participating merchants listed by Safaricom (regularly updated)
These merchants are equipped with point-of-sale (POS) systems that accept Faraja as a payment method.
How to Opt In to Safaricom Faraja Loan
Getting started with Faraja is easy. Just follow these steps:
- Dial
*799#on your Safaricom line - Select ‘Opt In’ from the menu
- Enter your M-PESA PIN to complete the registration
- You’ll receive a confirmation SMS showing your approved credit limit
One user can register up to two Faraja accounts under the same National ID.
How to Use Faraja to Buy Goods or Pay Bills
Once opted in, you can use Faraja at checkout by doing the following:
- Dial
*799# - Choose whether you’re paying via Buy Goods or Paybill
- Enter the amount you wish to spend
- Input your M-PESA PIN to authorize the transaction
- Wait for a confirmation SMS from Safaricom
If the transaction is successful, your Faraja balance will be updated accordingly. The repayment countdown (7 or 30 days) begins immediately.
Faraja Loan Repayment Terms
- For a 30-day loan, you must repay the full amount within 30 days
- For a 7-day loan, repayment is due on the 7th day from the date of disbursement
You can repay the loan via a designated Paybill number or any other channel Safaricom may provide from time to time.
