Kenya Kwanza government has today fulfilled one of their promises of launching ba hustler fund initiative meant to lend money to people running small businesses in Kenya. William Ruto and his deputy Rigathi Gachagua today launched the initiative where Kenyans now can apply the hustler fund loan from the comfort of their homes.
To apply the hustler fund you just need your mobile phone then you are good to go. Dial *254# and you will be able to apply for the hustler fund loan. The hustler fund minimum loan is sh 500 to a maximum that will be determined by the borrower's credit scored and capped at sh. 50,000.
The loan limit will be depended on the credit score of the borrower. If you want to increase your loan limit what you need to do is just borrow more and repay your loan timely.
However, in case the borrower does not repay his loan in the stipulated 14 days a loan recovery and collection process will be initiated. Further interest rate will be adjusted from 8% per annum to 9.5% per annum after teg date of default.
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