President William Ruto has said that the Hustler Fund will act as a key in the unlocking of the economic equality of all Kenyans.
Speaking during the launch of the Hustler Fund at the Green Park Terminus, Ruto said that the Hustler Fund was borne out of the need to give Kenyans in Small and Medium-sized Enterprises (SMEs) access to capital.
“I am happy that from today we shall all be equal as Kenyans. This is the fund that is going to equalise all the people of Kenya so that every citizen can know that they matter and they count,” Ruto said.
Deputy President Rigathi Gachagua, who was also at the launch said that the fund is a revolution in giving ordinary Kenyans a voice.
“The Hustler Fund is a revolution, the hustler agenda is a permanent agenda in government, the hustler has found his way to the decision-making table of this country,” he said.
The Sh50 billion kitty is expected to offer much-needed relief to over eight million Kenyans who had been blacklisted by various credit rating agencies.
The fund offers loans from a minimum of Sh500 to as high as Sh50,000 at an 8 percent pro-rated basis.
When the customer borrows, the approved loan will be disbursed to their mobile money account where out of the total approved loan amount, 95 percent shall be deposited to the mobile money wallet while the remaining 5 percent shall be deposited to their savings account scheme of the Hustler Fund.
