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Hustlers Cash: Cabinet approves structure of the hustler fund as promised by President Ruto

17th November, 2022

Cabinet has approved the legal and institutional framework to anchor the establishment and implementation of the Financial Inclusion Fund (Hustlers Fund).

This follows a Cabinet meeting chaired by President William Ruto on Tuesday, November 15.

According to a statement sent to newsrooms after the meeting, the fund is expected to open up affordable credit facilities and will be structured in Personal Finance, Micro Loans, SME Loans and Start-Ups.

The fund will be launched and rolled out on November 30, 2022, with loan limits being a minimum of Sh500 up to a maximum of Sh50,000 based on the borrower’s credit score. The fund will attract an interest of eight per cent annually.