Hustler Fund savings will be accessible to Kenyans by November 2023, Cooperatives and Micro and Small Enterprise Cabinet Secretary Simon Chelugui has said. The CS noted a total of Ksh1.8 billion Hustler Fund Savings had been saved since the fund was launched in November 2022. Chelugui noted so far, the government has loaned Kenyans a total of … Read more
The Biashara loan is part of the Hustler Fund Personal Loan Product, which is a revolving fund that provides credit to small businesses and individuals who have no collateral or formal banking history. The Biashara loan product has two components, individual and group. The individual micro-enterprise loan product launched today will lend between KES 10,000 … Read more
The Hustler fund group loan targets groups registered by the Micro and Small Enterprises Authority (MSEA) such as chamas, associations, and Saccos, and aim to bridge the gap between these entrepreneurs and access to capital and help fuel economic growth through collective-driven competitive market enterprise. Hustler Fund Group Loan Interest The Hustler Fund Group loan … Read more
Hustler fund defaulters will be unable to make a second transaction until they clear all their pending payments on the platform. This is according to President Ruto who spoke this while addressing Kwale County residents. “Hustler fund defaulters on individual loans when they apply for the group funding, which is the second product of the … Read more
Hustler Fund Savings: Hustler fund borrowers can only access their savings after one year, Cooperatives and MSME Cabinet Secretary Simon Chelugui has said. Chelugui, however, explained that only 30 percent of the total money saved will be accessible. The remainder which is 70 percent, he noted, is saved for the long term up to the … Read more
Hustler Fund Data Privacy: The Hustler Fund is Ruto’s $410 million loan project meant to lift millions of Kenyans out of poverty through his bottom-up economic model. In a country where only 9% of the workforce has a stable income—39% of Kenyan youth are without jobs—such an offer carries huge potential. However, citizens and data privacy experts alike are now worried about … Read more
Repay Hustler Fund Loan: In the first phase, the Hustler Fund will provide loans ranging from a minimum of Sh500 to as high as Sh50,000 at an 8 percent pro-rated basis or a daily rate of 0.002 percent. The loan should be repaid within 14 days. Kenyans can access the funds using the USSD code … Read more
Hfund mini-app is a mobile money lending platform provided by the Kenyan government to aid in easy access to funds by Kenyans. The Hfund mini-app is found within M-Pesa App, Airtel App, and T-Kash App. Customers who wish to get Hustler Fund Loans can do so via the mini app. With the app, borrowers can … Read more
Hustler Fund Loan Defaulters: The long-awaited Hustler Fund, which the Kenya Kwanza administration has touted as a relief to millions of Kenyans who could not access credit after having been blacklisted by various credit rating agencies, is finally here. The fund will offer Kenyans loans from a minimum of Ksh.500 to as high as Ksh.50,000 at … Read more
The fund is a digital financial inclusion initiative designed to improve financial access to responsible finance for personal, micro, small, and medium-sized enterprises (MSMEs) in Kenya. According to the Ministry of Cooperatives and MSME Development, borrowers will be able to apply for the Hustler Fund loan through USSD code *254# and on the mobile apps of Safaricom, Telkom, and … Read more
Hustler Fund Kenya is set to deliver affordable loans to micro, small and medium enterprises (MSMEs) as promised by His Excellence President Dr. William Samoei Ruto during his campaign time. The fund will be allocated a total sum of KES 50 billion (US$ 419 million) which all go to the hustlers across the nation in … Read more
Hustler Fund Terms and conditions: The Kenyan government has capped the Hustler Fund at Ksh.50,000 with the kitty expected to be rolled out this December. The funds will attract an interest fee of 8 percent for each loan taken. The minimum amount one can take is Ksh.500. It is a Ksh.50 billion program which President … Read more
Hustlers Fund kitty has been set to commence on December 1, 2022. The funds, which are available to individuals, groups, small enterprises, and co-operatives will be offered at a one-digit interest rate of 8% per annum. Initially, the communication from the cabinet had indicated that the loans will range from a minimum of Ksh500 to … Read more
All lenders have to know their customers, and part of the process is checking whether a customer is a promising loanee or not, this can be done through CRB. But we have lenders who never give out loan without CRB check. That is where the CRB comes in. CRB stands for Credit Reference Bureau, an … Read more