The government had earlier introduced Hustler Fund, a body which ensured small scale traders including citizens are given small amounts of money to help them in one way or the other. Millions of Kenyans had already borrowed though a section defaulted. The government has announced good news as the time of repaying has been revised.
Earlier, it was to be paid within fourteen days. According to the new regulations put in place, a borrower will have an additional fifteen days making a total of twenty nine days. However, those who default the payment within the 29 days will have fifteen more days until interest is charged on the amount.
Those who default completely will have their Hustler Fund accounts frozen. This means they will have no access completely to the money. Do you think the additional days are good? Please share your thoughts on the comments section below. Be sure to follow me for such informative articles too. Thanks for your time readers.
https://www.pd.co.ke/news/plans-on-to-review-hustler-fund-limit-164728/
Content created and supplied by: Maphanx. (via Opera
News )
Opera News is a free to use platform and the views and opinions expressed herein are solely those of the author and do not represent, reflect or express the views of Opera News. Any/all written content and images displayed are provided by the blogger/author, appear herein as submitted by the blogger/author and are unedited by Opera News. Opera News does not consent to nor does it condone the posting of any content that violates the rights (including the copyrights) of any third party, nor content that may malign, inter alia, any religion, ethnic group, organization, gender, company, or individual. Opera News furthermore does not condone the use of our platform for the purposes encouraging/endorsing hate speech, violation of human rights and/or utterances of a defamatory nature. If the content contained herein violates any of your rights, including those of copyright, and/or violates any the above mentioned factors, you are requested to immediately notify us using via the following email address operanews-external(at)opera.com and/or report the article using the available reporting functionality built into our Platform
See More
COMMENTS