President Ruto has called on Kenyans to pay their hustlers fund loan back in time so as to be able to qualify to the new loan limits. While speaking today at Machakos president Ruto has urged Kenyans to do that so that their hustlers fund loan limits will be increased.
President Ruto also revealed that by today on 7th December, 13 million million people have registered for the fund which he launched the a.week ago with an aim of helping small scale traders too borrow and trade with the money and return the borrowed money back in time as scheduled.
He further continued saying that if the customer will not pay back the money in 14 days, they will be added 15 more days before the increments of the interest rate.
"After more than 30 days of default, the borrower loses all the credit scores accumulate and the Hustlers Fund account is frozen," he said.
He also said that the loan defaulters will not be listed on Carbs, as they will have another chance of reborrowing.
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