Kenyans scramble for hustler funds

Kenyans have borrowed over Sh400 million from the Hustlers’ Fund in less than 12hours after its launch yesterday at the green park bus terminus.

According to figures released on Thursday by Cooperatives and MSMEs Cabinet Secretary Simon Chelugui, Transactions per Second (TPS) had also stabilized at 190, down from a high of 500 on Wednesday.

A statement from the Government says 1.4 million people have registered.

The loans, to be accessed via USSD code *254# will start from a minimum of Ksh 500 and a maximum of Ksh.50, 000 for individual borrowers.

President William Ruto said the launch marks a critical milestone in his government to implement the bottom-up transformational agenda.

The Hustlers Fund was part of President Ruto’s manifesto of uplifting Small and Medium-Sized Enterprises (SMEs) by facilitating access to affordable credit.

However, transactions per second (TPS) have stabilized at 190 from a high of 500 yesterday.

Leave a Comment

Your email address will not be published.