Hustler Fund

2023 - 2 - 4

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Image courtesy of "Capital FM Kenya"

Ruto increases Hustler Fund limit for 6mn borrowers (Capital FM Kenya)

NAIROBI, Kenya Feb 3 – Six million subscribers of the Hustler Fund are now able to access more money following a review of their borrowing history.

The President said the Government will support cooperative societies to improve access to credit and nurture a culture of saving among Kenyans. “By the end of this month, Hustler Fund will have a second product that will help those in Sacco and groups to also access low interest credit and help members grow their businesses,” he said. The President also announced the launch of a new product, Hustler Fund Micro Credit, that will allow Saccos, and Groups to borrow on behalf of their members.

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Image courtesy of "The Standard"

SMEs to access up to Sh2.5m Hustler Fund loans this month (The Standard)

CS Chelugui says money will be disbursed through Saccos and banks. State plans to provide Sh50 billion capital to the lower end of the market.

Chelugui said the Hustler Fund has so far disbursed Sh16.8 billion to about 18.5 million customers with repayments of Sh8.49 billion. Under the first phase of the Hustler Fund launched last November, borrowers can access up to Sh50,000 and a minimum of Sh500. “The Hustler Fund is relatively easy to borrow and offered at low-interest rates of eightper cent per annum and has no requirement of the provision for collateral from the borrower,” he said. He told a Nairobi forum of Saccos organised by the Co-operative Bank of Kenya that Saccos will be able to participate in the disbursement of the Sh50 billion Hustler Fund. “The second phase of the Hustler Fund microloan product that we shall roll out at the end of February will have borrowers access between Sh100,000 and Sh2.5 million and done mainly through banks and Saccos,” said Chelugui in a statement. The government says the Hustler Fund loans of up to Sh2.5 million for small and micro enterprises will be ready by end of the month.

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Image courtesy of "AllAfrica.com"

Kenya: 800000 Hustler Fund Loan Borrowers Have Defaulted in ... (AllAfrica.com)

Speaking during the Kenya Police Sacco 50th anniversary in Nairobi, the Head of State urged Kenyans to pay on time in order to increase their loan limit and ...

For the last two months members of the hustler's fund have also saved 850 million shillings," President Ruto said. We are now building a pool of savings because we are now almost at a billion shillings and it is not yet 3 months. We want to build a sense of savings in Kenya because development and investment is a function of savings," President Ruto said.

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Image courtesy of "The Star, Kenya"

Hustler fund to increase loan limits for 6 million Kenyans (The Star, Kenya)

President William Ruto has announced that six million Kenyans, who have been regularly borrowing and repaying their hustler loans on time, will have their ...

The President announced on Friday that the six million had been identified from the 14.2 million Kenyans who are servicing their loans properly. - The President announced on Friday that the six million had been identified from the 14.2 million Kenyans who are servicing their loans properly. - Ruto said majority will have their loan limits doubled while others will access 80 per cent more than what they have been borrowing.

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Image courtesy of "Kenyans.co.ke"

Ruto Announces Credit Scores for Hustler Fund Borrowers (Kenyans.co.ke)

President William Ruto, on Friday, February 3, announced the issuance of a credit score to borrowers of the Hustlers Fund.

- RETRIBUTION4 February 2023 - 7:57 am - Sad4 February 2023 - 9:47 am - Clarification4 February 2023 - 11:41 am For every Ksh2 you save, we will give you Ksh1. "We are announcing that the hustler fund will provide two things, credit and a platform for people to borrow. You will be explained to why you qualify for the grade issued to you,” Ruto stated.

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Image courtesy of "Tuko.co.ke"

800k Kenyans Defaulted on Hustler Fund Loan Repayment, William ... (Tuko.co.ke)

President William Ruto disclosed that 800000Kenyans were yet to pay back after getting loans through the Hustler Fund. He said they will eventually catch ...

From tomorrow, you can access more money, some of you will access double what you have been accessing, some another 80% of what you have been accessing,” said Ruto. We want to build a sense of savings in Kenya because development and investment is a function of savings,” Ruto said. We are now building a pool of savings because we are now almost at a billion shillings and it is not yet 3 months. [said he made the commitment](https://tuko.co.ke/493179-hustler-fund-limit-increased-william-ruto-assures-6-million-kenyans-double-loan.html) to have the [loan](https://www.tuko.co.ke/281951-20-loan-apps-kenya-genuine-instant-loans-2022.html) limit increased and the time to fulfil it was ripe. [Kenya Police](https://www.tuko.co.ke/275989-kenya-police-recruitment-news.html) Sacco 50th anniversary, the head of state said he was confident those yet to pay would pay up and be able to increase their loan limit. [William Ruto](https://www.tuko.co.ke/tag/dp-william-ruto-news/) has disclosed that a number of Kenyans are yet to pay back after getting loans through the Hustler Fund.

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Image courtesy of "The Star, Kenya"

Court stops swearing-in of Hustler Fund Advisory Board (The Star, Kenya)

When the matter came for hearing today, Judge Monica Mbaru suspended the taking of the oath by those officers pending the hearing and determination of the case ...

“There is an imminent danger that the interested parties will assume office illegally, hence rendering this petition an academic exercise. Their assuming office and public discharging of oath and conduction of any official duty is also suspended. - Their assuming office and public discharging of oath and conduction of any official duty is also suspended.

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Image courtesy of "Kenya Broadcasting Corporation"

President Ruto: Hustler Fund increases loan limit (Kenya Broadcasting Corporation)

President William Ruto says the Hustler Fund will review its 18 million user's borrowing history after every four months and award them with a financial ...

"By the end of this month, the Hustler Fund will have a second product that will help those in Sacco and groups to also access low interest credit and help members grow their businesses," he said. The President also announced the launch of a new product, Hustler Fund Micro Credit, that will allow saccos and groups to borrow on behalf of their members. Six million subscribers of the Hustler Fund are now able to access more money following a review of their borrowing history.

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Image courtesy of "GhettoRadio 89.5 FM"

COURT TEMPORARILY STOPS SWEARING IN OF HUSTLER ... (GhettoRadio 89.5 FM)

Employment and Labour Relation Court has temporarily suspended the swearing and assumption of office of the Hustler Fund Oversight Board members.

“I call on the parliament to also make a wise observation and question the source of Ksh. In the petition filed by Prof. ” We all know the process of recruitment in the law, transparency is the key, for this no advertisement was conducted, no public participation, all we know is that there is a list of people hand-picked to act as board members of the oversight board,” he added.

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