A few weeks after President William Ruto introduced Hustlers Fund, a program that allows Kenyans to obtain low-cost loans from the government, the president is getting ready to provide further loans aimed at the country's small business owners. Simon Chelugui, the cabinet secretary for cooperative, micro, small, and medium companies, stated that the loan's future is still being developed, but he pledged to make sure that it will be granted smoothly.
William Ruto will introduce the loan on February 15, 2023, after its features have been designed, according to the cabinet secretary who spoke at a retreat in Nyeri county.
These loans will only be available to members of Chamas, groups, cooperatives, and Saccos.
The features are still being developed, but according to the cabinet secretary, President William Ruto should be able to introduce it by February 15 of this year. President William Ruto's agenda includes uplifting those who run small businesses. During his campaigns, the president emphasized the bottom-up economic model, which targets those in this industry. Those targeted include vegetable vendors, or "Mama Mboga," those who operate Boda Bodas that provide motorcycle transportation, those who engage in hawking, and those who run salons and barbershops, among other small business owners.
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