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Hustler Fund Is A Pyramid Scheme And May Have Been Drawn From CDF Funds, Azimio MPS Alleges

Following the launch of the long awaited Hustler Fund that was preceded by the Kenya Kwanza Alliance Leader and President William Ruto, a section of Azimio La Umoja One Kenya Coalition Members of Parliament now questions about the legality and source of the Fund's money.

Kenya Kwanza and Azimio La Umoja Leaders, Picture Courtesy.

Mathare Constituency Member of Parliament Anthony Oluoch is convinced that Hustlers Fund was formed with the money that was supposed to be channelled to CDF. ' Where are they getting the 50 Billion? Kenya Kwanza must have circumvented parliament inorder to hit their December 1 launch,' he alleged.

Babu Owino, on the other hand terms Hustlers fund a pyramid scheme meant to push out other lending companies from the market. He argues that since the money is drawn from taxes, Kenyans are not supposed to pay it back. The MPs now wants any expenditure outside legislation to be stopped.

Meanwhile, Loan range for Hustlers Fund is between 500 - 50000 at an interest of 8% per year repayable in fourteen days. 5% of the borrowed amount is deposited in Hustlers Fund Savings account. Once loan is processed, it cannot be reversed. Failure to payback loan in 30 days will lead to account deactivation. Dial *254# to access the funds.

Content created and supplied by: Galdem (via Opera News )

Anthony Oluoch Babu Owino Hustler Fund Kenya Coalition Kwanza

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