"From promise to reality,President @WilliamsRuto today ushers in a new dawn; the launch of the Hustler Fund. It will not only be abt access to affordable credit, but also ending the exclusion of Kenyans at the bottom of the economic pyramid frm accessing crucial financial services." statehouse Spokesman.
Epic Scenes from Nairobi Greenpark Bus Terminus, for the hustler fund lunch. In summary this is what Hustler Fund means. —payment period 14 days.
-citizens to enjoy 4 different products start-up loan, micro-loan, SME loan and personal loan.
-8% intrest per annum, summation done annually, if you borrow ksh 500 you get to pay back ksh 501.53 after 14 days.
-if loan is not payed back in 14 days, customer credit is affected (amount of money one is eligible to borrow reduces) and they are given an addition of i5 days to pay, and you still fail to pay intrest increases to 9.5% per year.
-30 day defult, account blocked permanently.
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