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Don’t Repay Hustler Fund On Time?, This Is What Will Happen

President of the Republic of Kenya Hon William Samoei Ruto official launched ksh 50 billion hustler fund kitty in Kenya, on Wednesday, November 30, targetting low-income earners to boost their businesses and simultaneously enhance a savings culture.

However, since it is a loan, it has its terms and conditions. Those who will not adhere to the stipulated policies of loan repayment within 2 weeks period are likely to undergo some sufferings which are well explained below.

If the loan is not paid back within the allotted time, your credit score will suffer. 

This means that until the present loan is repaid, you cannot take out another one. 

If you repay the loan in full within 14 days, you may do so in full or in part. There will only be SMS notifications for transactions.

15 days after the date of default, the interest rate will be adjusted to 9.5 percent per annum.

https://twitter.com/kenyans/status/1597926199392616448?s=46&t=byBdCgxJyQyjXyulSSP-Yg

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Republic of Kenya William Samoei Ruto

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