×
App Icon
The Standard e-Paper
Kenya’s Boldest Voice
★★★★ - on Play Store
Read on the App

State to write off Sh6b hustlers 'bad' loans

MSMEs Development Principal Secretary Susan Mang'eni says so far Sh53.8 billion has been repaid out of Sh65.5 billion loans taken. [File, Standard]

Some 10 million hustlers borrowed Sh6 billion and vanished. The government is now contemplating writing off the 'bad debts'.

According to Micro Small and Medium Enterprises (MSMEs) Development Principal Secretary Susan Mang'eni, Kenyans in this category borrowed the money once or twice in November and December 2022 immediately after the Hustler Fund was launched.

Get Full Access for Ksh299/Week
Fact‑first reporting that puts you at the heart of the newsroom. Subscribe for full access.
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in