Hustler Fund Advisory Board Job Requirements

Hustler Fund Advisory Board: President William Ruto in his campaign manifesto shared that he shall create a Hustler fund. The money is geared at providing cheaper credit for micro and small businesses.

On Friday, the National Treasury said there shall be an advisory board to man the funds and also made public requirements for those interested in getting the fund.

For the Hustler Fund Advisory Board member position, a person will be eligible for appointment if:

• He or she has leadership and management experience of not less than five years and has knowledge in any of these fields; finance, accounting, economics, enterprise development, cooperative management, information, communication and technology, business and management, law, or strategic management.
• Meet the requirements of Chapter Six of the Constitution.

READ ON: Hustler Fund Terms and Conditions

On the other hand, for one to be appointed as Chairperson of the Hustler Fund Advisory Board they must:

• Possess a degree in a relevant field from a university recognized in Kenya.
• Have leadership and management experience of not less than ten years and has knowledge in any of these fields; finance, accounting, economics, law, enterprise development, cooperative management, information, communication and technology, business and management, or strategic management.
• Meet the requirements of Chapter Six of the Constitution.

The government seeks to roll out the first distribution of the fund on December 1, 2022. During the campaign period, President Ruto said the money would be distributed as grants.

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But upon assuming office, the President said the funds will be given as loans.

“It is not free money; it is business money you will repay…We want to ensure that Kenyans do not fall prey to shylocks who charge extremely high-interest rates on loans,” the president said.

READ ON: How to Apply for Hustler Fund In Kenya

He also clarified that the money borrowed from the Hustlers Fund will strictly be used by small and medium enterprises to upgrade their businesses.

“If you borrow money from the Hustlers Fund, you will plow it into business, and refund the government at an interest rate below 10 percent per annum,” the head of state said.