Today president William Ruto eventually Launched Hustler Fund Programme. The president believes that the fund will be very beneficial to millions of Kenyans who been living in financial crisis. The USSD code for applying the hustler fund is *254#. This is believed to be one of the approaches of bottom up economic model.
Just like any other loan, the hustler fund also have some terms of repayment. Actually there will be penalty for those who will fail to repay within 14 days after borrowing. Here are the penalties as reported by Citizen television.
1. The interest rate will be adjusted to 9.5% per annum 15 days after the date of default.
2. Thereafter, persistent default spanning 30 days and over will see a customer lose their existing credit score and their account frozen.
3. During this time the interest will continue to accrue pegged on the in-duplum rule and the appropriate recovery methods will be initiated
Here is the link to the citizen television post where the penalties are indicated.
https://www.facebook.com/261061365404/posts/10167613558235405/?flite=scwspnss
Content created and supplied by: BREAKING-NEWS (via Opera
News )
Opera News is a free to use platform and the views and opinions expressed herein are solely those of the author and do not represent, reflect or express the views of Opera News. Any/all written content and images displayed are provided by the blogger/author, appear herein as submitted by the blogger/author and are unedited by Opera News. Opera News does not consent to nor does it condone the posting of any content that violates the rights (including the copyrights) of any third party, nor content that may malign, inter alia, any religion, ethnic group, organization, gender, company, or individual. Opera News furthermore does not condone the use of our platform for the purposes encouraging/endorsing hate speech, violation of human rights and/or utterances of a defamatory nature. If the content contained herein violates any of your rights, including those of copyright, and/or violates any the above mentioned factors, you are requested to immediately notify us using via the following email address operanews-external(at)opera.com and/or report the article using the available reporting functionality built into our Platform
See More
COMMENTS