Yesterday President William Ruto launched the Hustler Fund. According to Cooperatives and MSMEs Cabinet Secretary, Simon Chelugui more than 1.14 million Kenyans had registered in the kitty within hours. Adding that more than KSH 408 Millions had already been disbursed.
The fund is specifically designed to support small-scale traders in the country. The Hustler Fund is made up of four products-personal, micro business, SME and start-up loans.
To access the fund, Kenyans can dial *254# on their mobile phones.
This accessibility is where the catch is. Unless you have a strategy, then this loan might not work for you. Though it’s affordable, it might be the same for everyone especially those who have no source of income.