Hustler fund Lauded

Narok Thursday June 8, 2023

By Ann Salaton

A section of Narok town boda boda operators have lauded the government for initiating the hustler fund that provides instant loans to citizens upon request.

The operators led by Peter Obuogi said the money which is cheaply accessed has helped them stabilise their business as they do not require any form of savings to qualify for the loan.

Obuogi recalled a day that he ran out of fuel while transporting a customer and did not have any cash to fuel his bike. This prompted him to apply for the fund which he received instantly on his phone.

“I am personally impressed by the Hustler fund because it has helped me as an individual. I urge all Kenyans, especially those from poor backgrounds to take advantage of the fund,” he said, adding that his loan limit has increased to Sh1, 000.

Another operator Joseph Sadera said the money is ideal for youth and people from poor backgrounds who do not have capital to start a business.

“Anyone can access the money anywhere and anytime. Those who wish to start small businesses like selling vegetables and fruits can borrow the money to start and slowly expand their businesses,” he said.

Narok County Commissioner Isaac Masinde also asked those struggling to access capital for their businesses to take advantage of the hustler fund so as to boost their livelihood.

He explained that the only requirement needed is one to prove he or she is a Kenyan citizen and above 18 years by having a valid national identification card and having an active sim card from any mobile network.

The fund, also known as Financial Inclusion Fund, is a loan project led by the Kenyan government which provides instant loans to Kenyan citizens upon request.

During the Madaraka day celebrations, President William Ruto officially rolled out the second phase of the hustler fund, which, he said will be given to groups where each group will benefit from Sh20, 000 to Sh1 million.

Courtesy ; K. N. A