The Hustler Fund was introduced by the president, who was joined by his deputy, Rigathi Gachagua, and his team. Kenyans can now easily access the fund through their mobile phones. You only need to dial "254# on any network to find out how much you can borrow.
For a person, the range is 500 to 50,000 Kenya shillings. Nevertheless, this sum is subject to change based on your assessment.
President William Ruto said during his speech at the launch that this is the beginning of empowering Kenya's hustlers till they are able to raise themselves to a higher level. He advised individuals to venture outside and seize this chance to expand their enterprises.
However, there is a cost associated with not paying back this loan. According to Citizen TV, the interest rate would increase to 9.5% per year 15 days after the date of delinquency if the loan is not repaid within the 14-day grace period. If you don't pay within this new deadline, your account will be frozen and your credit score will be lowered.
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