All you need to know about the Hustler Fund
The Hustler fund introduced by the Kenyan government administration has sparked conversation amongst many Kenyans.
The Hustler Fund is a loan initiative program introduced by the Kenyan Government to fund Individuals, groups (chamas), Small businesses or cooperatives for an interest rate of 8% per annum and a repayment period of 14 days.
The government will set aside Ksh 50 billion per annum for the purpose of this program which has already been approved by the cabinet in November 2022 and launched in November 30th 2022.
There are three types of loans that will be given out from the Hustler’s fund depending on the recipient.
To be qualified you must posses the following requirements:
Individuals who are looking to apply for the fund must be registered in a Mobile Network Operator like Safaricom or Airtel. The government will use platforms such as Mpesa to disburse the funds to credible individual applicants.
Groups who are looking to apply for the Hustler Fund must first be registered in a finance institution such as SACCOs or banks.
To get started simply dial *254# and follow the procedure.
Before one applies for the Hustler Fund, one must be successfully registered unto the platform. To be registered successfully, one must pass all the eligibility requirements and must be credit worthy. To register, follow these simple steps:
After you receive a message notifying you that you are successfully registered, follow these simple steps to apply for a loan.
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