William Ruto: 'Micro' businesses to pay small fee to access Hustler loan

President William Ruto during the Mashujaa Day 2022 celebrations at Uhuru Gardens, Nairobi on October 20, 2022. [Elvis Ogina, Standard]

President William Ruto's Hustler Fund has morphed once again as the Head of State continued to push banks to offer lending to small businesses on single-digit interest rates.

The President, while addressing a section of the small business owners, in a session organised by the Kenya National Chamber of Commerce and Industries (KNCCI), on Thursday made remarks to the effect that the Sh50 billion Fund may be interest-free.