During his campaigns, president William Ruto made a promise to Kenyans that once elected, he would launch a financial programme to cushion hustlers who engage in small and medium enterprises. Ruto promised hustlers fund that would be accessible to Kenyans at an affordable rate, contrary to other predatory lenders.
To fulfill this promise, the president launched this programme today on Wednesday 30th. Kenyans will have to use their phones to access the funds, where individuals will get between Ksh 500 to Ksh 50,000.
Before officially launching the fund, top government officials led by the president registered through USSD number *254#.
The registration was successful and each of them received a message informing them their loan limits.
At first, there was some delays as the Head of State tried several times to register with no success. At one point, the registration process failed after the president entered the wrong Mpesa pin. Afterwards the president said that the delay was coming due to traffic as 600 requests were being made in a second.
After several trials, the president opened his account where he received a message informing him that his loan limit is Ksh 2,200.
For the deputy president Rigathi Gachagua his loan limit popped up as Ksh 1,600 while prime cabinet secretary Musalia Mudavadi qualified for Ksh 2,800. So basically, Mudavadi qualified for a higher limit than the other two.
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