Today, president William Ruto together with his deputy Rigathi Gachagua launched the hustler fund in Nairobi that will be offered in four different products to the hustlers. They include; start-up loans, micro-loans, small and medium enterprise (SME)loans, and personal loans.
The minimum limit for personal loans has been set at KSh 500 while the maximum amount is KSh 50,000, subject to the borrower's credit score. The loan regulations comprises of eight percent as interest rate and the loan should be repaid back in two weeks.
Hours after Kenya Kwanza Alliance launched the hustler fund, Kileleshwa MCA Robert Alai who got elected on ODM ticket has said that Azimio One Kenya Coalition is planning to launch Inawezekana Fund soon that will be almost zero interest.
Through his Twitter account, Alai has said "We as Azimio will soon launch Inawezekana Fund at almost zero interest to show Hustlers that they are being duped. Fuliza domiciled in State House is dangerous."
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