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State to write off Sh6b hustlers 'bad' loans

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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.

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