Sign in
Download Opera News App



Ruto should convert Hustler Fund loans into grants. — Sifuna

Nairobi Senator Edwin Sifuna said that President William Ruto should convert Hustler Fund loans into the grants he promised, the Star reports.

In a statement on Saturday, Sifuna said the president must keep his promises.

"Help Ruto keep his promise. Turn this loan into a promised donation. He won't harm you. Happy Saturday," he said.

Sifuna was one of the Azimio leaders who leaked 50 shillings into the Hustler Fund, which he says was not what Ruto promised during the campaign.

Leaders say the Hustler Fund does not reflect what Kenya's Kwanza government is promised voters.

President Ruto launched the Hustlers Fund at the Green Park Terminal in Nairobi on Wednesday. He outlined the fund's three goals: first and foremost, creating jobs, strengthening the economy, and strengthening domestic and foreign investors.

Available to individuals, organizations, small businesses and cooperatives, the funds are offered at single digit interest rates of 8% per annum. This fund is specially created to support domestic small traders. To access this fund, Kenyans can dial *254.

During the presentation, borrowers were warned against default, and the state took strict measures to curb it.

The interest rate for offenders will increase from 8% to 9.5%. If the client does not repay the loan within the specified period, an increase in the interest rate is added 15 days before.

The accounts of borrowers who do not make payments will also be frozen.

As of Friday midnight, the Hustler Fund has given Kenyans a total of 1,381,747,777 shillings.

Cooperatives and Small Business Minister Simon Chelugi said 5,191,542 clients have chosen Hustler Fund.

Content created and supplied by: (via Opera News )

Azimio Edwin Sifuna Hustler Fund Sifuna Star


Load app to read more comments