President Ruto has announced the creation of the hustlers fund. The program was established to assist Kenyans who were in need, mostly by assisting them in borrowing money to use for commercial purposes and returning it after the allotted 14 days.
However, in recent times, we have noticed some users encouraging Kenyans to borrow money and not pay it back.
But today I want to explain what would happen if you are unable to pay back the hustlers fund money within the allotted 14 days.
If the customer doesn't pay the hustlers fund within 14 days, interest will start to accrue on the 15th day at a rate of 9.5% p.a.
The hustlers fund will review the customer's crediting rate, the customer's account will be frozen, and further government action will be taken if the customer does not pay back the money within 30 days of the day of disbursement.
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