The government has imposed a minimum age requirement of 18 years old as one of its prerequisites for potential recipients.The Ministry of Co-operatives and MSMEs is charged with launching and carrying out the plan. Here is the list of the requirements needed to qualify for the hustler loan:
1. You must be 18 years of age and above.
2. You must have a valid national identification card.
4.Have a mobile money account, i.e., either Airtel Money/M-PESA/T-Kash
5.The SIM card in question can/will only be eligible if it has been used for more than 90 days.
6.Reside and conduct economic activities in Kenya.
7.Provide the Location of residence during the onboarding.
The loan is subject to a tax of 8% per annum and a repayment period begins on the 14th day after you get the loan.
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