Hustler Funds

Hustler Fund borrowers to use *254 # to access Hustler fund, leading network telcos have announced.

Kenyans who have subscribed to Safaricom, Airtel and Telekom will be required to dial the short code to access the loans after its launch by President William Ruto.

Cabinet Secretary for Co-operatives and SMEs Development Simon Chelugui had said there will be no registration required for the Huster Fund.

Chelugui says borrowers will use an SMS short code that will take them to a certain menu, leading all the way to the application of the loan.

"We urge members of the public to disregard all forms of communications inviting them to register for funds on a website or via a phone number," he said

President William Ruto Tuesday moved to fulfil a campaign pledge he made to low-income earners popularly referred to as ‘hustlers’ by signalling the establishment of a fund that will provide them with collateral free cheap credit to start businesses.

Dr Ruto had in his campaigns promised a new economic order that would address unemployment and lack of opportunities for youth, pledging to pump billions of shillings in support for sectors such as the Boda Boda and small retailers.

On Tuesday, he announced the establishment of a Hustler Fund that will provide cheap and easy loans with no need for security.

The Sh50 billion annual kitty will be channeled towards supporting micro, small and medium, enterprises (MSMEs).

“We shall implement the hustler fund dedicated to the capitalisation of micro, small and medium enterprises (MSMEs) through Chamas, Saccos and Cooperatives to make credit available on affordable terms that do not require unnecessary collateral,” said the President during his inauguration on Tuesday.

This money will benefit members of savings and credit cooperatives (SACCOs) to provide start-up and growth capital for small businesses.

You must give it to President William Samoei Ruto for keeping his word and rewarding stalwarts in his recent CS appointments.

Although the 50% women nominees in the cabinet was not met, he honored the 32% representation which met the 2/3 gender rule.

For strengthening the voice of women by appointmenting three women advisors to the Office of the President, further forming an agency to cater directly for women's issues.

The journey of Women in leadership is slowly but steadily progressing.

We are happy 😊.

Kenya and the USA share a long history of social and economic partnership in diverse areas such as health, trade and security. We also share a common belief in building prosperity for our people from the bottom and we hope this can provide a platform for an even stronger partnership in the days ahead.

With US Trade Representative Katherine Tai, who was the delegation head, State House, Nairobi.