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About 40 per cent of money borrowed from the Hustler Fund after its launch had not been repaid within the mandatory 14-day window it fell due, underlining the potential crisis the new administration faces in managing its pet empowerment Sh50 billion fund.
The government revealed yesterday the Hustler Fund has disbursed a total of Sh9.58 billion to a total of 16.59 million borrowers since it was unveiled by President William Ruto on November 30 in his first step to fulfilling one of the key campaign promises.
At the same time, only Sh2.64 billion of the borrowed funds has been repaid.
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