Second-year IT student develops App to help hustlers calculate loan limit

A Meru University of Science and Technology student has developed an app that will help Kenyans calculate their credit score before applying for the Hustler Fund loan. Michael Ng'ang'a has come up with the app, which he says is meant to help Kenyans do financial calculations.

"This app is for calculating a person's credit score based on their transaction history and making autonomous decisions on how much money the borrower is eligible for and the payback period as well as the interest rates," Ng'ang'a says.

The second-year student taking a bachelor's degree in Computer Technology says his desire is to help society solve complex problems through technology.

Hustler Fund loan was launched by President William Ruto a few weeks ago to boost small businesses that struggle to access finance from mainstream banks.

"Through the app, the user will be in a position to calculate their credit score and help them know how much they can borrow," he added.

The loan can be accessed by individuals aged 18 years and above who own a registered SIM card of a telecommunication company in Kenya.

"When Covid-19 struck, I spent time learning how to come up with mobile apps and I am not looking back," he says.

He has also established another platform that enables potential buyers to acquire affordable property as well as get alerts when listings nearest to them are uploaded.

The app features Google Maps which not only show directions and list locations but also highlight the nearest social amenities and infrastructure to minimize false advertising.