Sign in
Download Opera News App

Economy&Finance

 

Investing

 

Fund

Hustlers Fund: Here Is What You Need to Know

President William Ruto is expected to launch the hustlers fund today to help Kenyans start business and increase their turnover at low interest rates. However, there are a few things that you need to know about the fund which has a seed capital of 50 billion.

Here is a link: https://twitter.com/StandardKenya/status/1597845197450350592?s=20&t=G7pGiN4YZh5-rXPZ0ruhug

A board to the hustlers fund will be availed today to serve for a period of 3 years and they will be in charge of determining penalties to defaulters. The board will also determine interest rates based on issues of inflation which affects the purchasing power.

The banks soon also get lower Interest rates is they provide matching funds equal to the hustlers fund rates. It's clear that Equity Bank has promised to pump over 250 billion into the project of hustlers fund to support business and startups.

The hustlers fund which will be launched today by the president is expected to be given to Kenyans at a single digit interest rates. The funds will be audited by the Auditor General to ensure that it's anchored within the law.

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

Hustlers Fund William Ruto

COMMENTS

Load app to read more comments