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Revealed: How State will deal with defaulters of Hustler Fund

Fashion and Beauty
 Deputy President Rigathi Gachagua, President William Ruto and Nairobi Governor Johnson Sakaja interact with traders and vendors during the launch of Hustlers Fund on November 30. [Kelly Ayodi, Standard]

The State will seize savings accrued by borrowers of the Hustler Fund in case they default on loans to mitigate against losses, The Standard has learned.

The unpublicised terms and conditions will help the State ring-fence the Fund against abuse - a fate that has befallen past similar Government-backed funds.

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