Kenyans Have So Far Borrowed Close to Sh7 Billion From Hustlers' Fund

10 December 2022
Capital FM (Nairobi)
By Njoki Kihiu

Nairobi — Kenyans have so far borrowed close to Sh7 billion from the Hustler's Fund since it was launched last week.

By 7 am Saturday, the amount borrowed stood at Sh. 6.9 billion while the amount paid back stood at 854,966,087

Those who have registered for the government's kitty are now 14.5 million Kenyans.

From the amount borrowed, Sh. 3.4 million have been channeled to the savings account.

Total transactions are now at slightly above 12 million with repeat borrowers increasing to 837, 287.

The Hustler's Fund is one of President William Ruto's Flagship Project and was launched on November 30.

The aim of the fund is to help Kenyans especially ordinary Kenyans to have access to affordable loans and start up small and micro businesses so as to improve their living standards

For one to qualify for the fund, one must be a Kenyan Citizen who is 18 years and above, own an identity card and have a registered phone number by either Safaricom, Airtel or Telcom.

Read the original article on Capital FM.

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