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 $410 million loan project meant to lift millions of Kenyans out of poverty through his bottom-up economic model. In a country where only 9% of the workforce has a stable income—39% of Kenyan youth are without jobs—such an offer carries huge potential. However, citizens and data privacy experts alike are now worried about … Read more
Repay Hustler Fund Loan: In the first phase, the Hustler Fund will provide loans ranging from a minimum of Sh500 to as high as Sh50,000 at an 8 percent pro-rated basis or a daily rate of 0.002 percent. The loan should be repaid within 14 days. Kenyans can access the funds using the USSD code … Read more
Hustler Fund Loan Defaulters: The long-awaited Hustler Fund, which the Kenya Kwanza administration has touted as a relief to millions of Kenyans who could not access credit after having been blacklisted by various credit rating agencies, is finally here. The fund will offer Kenyans loans from a minimum of Ksh.500 to as high as Ksh.50,000 at … Read more
The fund is a digital financial inclusion initiative designed to improve financial access to responsible finance for personal, micro, small, and medium-sized enterprises (MSMEs) in Kenya. According to the Ministry of Cooperatives and MSME Development, borrowers will be able to apply for the Hustler Fund loan through USSD code *254# and on the mobile apps of Safaricom, Telkom, and … Read more
Hustler Fund Kenya is set to deliver affordable loans to micro, small and medium enterprises (MSMEs) as promised by His Excellence President Dr. William Samoei Ruto during his campaign time. The fund will be allocated a total sum of KES 50 billion (US$ 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