"Azimio Will Soon Launch Inawezekana Fund" Renowned ODM MCA Says
Today, president William Ruto together with his deputy Rigathi Gachagua launched the hustler fund in Nairobi that will be offered in four different products to the hustlers. They include; start-up loans, micro-loans, small and medium enterprise (SME)loans, and personal loans. The minimum limit for personal loans has been set at KSh 500 while the maximum amount is KSh 50,000, subject to the borrower's credit score.
Hustler Fund Vs Inawezekana Fund? Opposition Lawmaker Leaks Plans to Launch Another Fund
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.
Azimio To Launch Inawezekana Fund After Hustler Fund Was Launched Today
On Wednesday, President Ruto announced the establishment of the hustling fund, which would provide small businesses with access to low-interest loans. The highest amount of money that can be borrowed is 50,000, and the interest rate is 8% per year. The smallest amount that can be borrowed is 500 Ksh.
Azimio To Launch An Alternative Of Hustlers Fund With Almost Zero Percent Interest Rate
Kileleshwa MCA Robert Alai has claimed that Azimio coalition team will be launching an alternative of Hustlers Fund which will be charging almost here percent interest. According to the report, Azimio will be soon launching Inawezekana Fund which will be an alternative to hustlers, it will be charging zero percent interest rate as opposed to Hustlers Fund which is currently charging at 8%.
Inawezekana Fund Or Hustler Fund, Kenyans Reacts After ODM’s Lawmaker Says Azimio Plans
Hours after the president of Kenya Hon William Ruto launched the Hustler Fund project, the Orange Democratic Party Lawmaker Hon Robert Alai has alleged the possibility of Azimio team launching ‘Inawezekana Fund’ which will attract almost zero interest. Acoording to Alai, the launching of cheap accessible Inawezekana Funds will prove to hustlers that they are only being duped.
We Will Launch Inawezekana Fund to Show Hustlers They Are Being Duped- Alai
A procedure to create the Inawezekana Fund, which will compete with the government's Hustler Fund, has been initiated by the Azimio la Umoja-One Kenya alliance. Raila is reportedly working on a plan to establish a fund, according to Robert Alai. Alai has criticised the government's Hustler Fund, claiming it does not provide the best option for the nation's hustlers to work with.