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Hustler fund

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Co-operatives and MSMEs Development cabinet secretary Simon Chelugui issues registration certificate to Kenya Federation of Jua Kali Association CEO Richard Muteti.
BUSINESS

Hustler Fund For Groups: Gov’t To Start Giving Loans To Groups In June

The government is planning to start issuing Hustler Fund for groups in June, after mass registration of Micro Small enterprises (MSEs) across the...

The Hustler Fund was launched on November 30, 2022, and allows Kenyans to borrow between Ksh500-Ksh50,000. 
BUSINESSECONOMY

The 5 Companies Running Ksh50B Hustler Fund

"The hustler fund is run by the private sector, we have no access to it. No public official has access to the hustler...

President William Ruto. He has repeatedly urged Kenyans to join saccos, which are set to play a key role in the second phase of the Hustler Fund. [Photo/ PSCU]
BUSINESS

Over 800,000 Default On Hustler Fund Loans

At least 800,000 Kenyans have defaulted on the Hustler Fund loans, President William Ruto has revealed. Up to February 3, 2023, 18 million...

President William Ruto. He has repeatedly urged Kenyans to join saccos, which are set to play a key role in the second phase of the Hustler Fund. [Photo/ PSCU]
BUSINESSECONOMY

Hustler Fund Is Increasing Loan Limits – On One Condition

The government is looking to partner up with saccos for disbursement of the funds to eligible borrowers as the Hustler Fund enters its...

BT FACTCHECK

PARTLY FALSE: Post Does Not Show Requirements For Hustler Fund Loans

A Facebook post listing the requirements for the Hustler Fund programme by the Kenyan government is PARTLY FALSE. The requirements in the claim are listed...

President Ruto (r) noted that those accessing the hustler fund would not require security as they would be backed by their saccos. [Photo/ @WilliamsRuto]
BUSINESSECONOMY

Where You’ll Get Ruto’s Ksh50B Hustler Fund

The fund is supposed to offer affordable SME financing for Kenyans. Ruto stated that the business loans would be charged at a single...