Hustler fund good idea but needs policy support

Cabinet Secretary for Cooperatives and Micro and Small Enterprise Simon Chelugui during address the press on the Hustler Fund at his NSSF offices, in Nairobi. [Elvis Ogina, Standard]

The Hustler Fund is a good idea. Research shows that lack of access to credit is an important barrier to both entry into small-scale business opportunities and survival as a young business.

The 500 to 50,000 shillings may not seem much to the well-to-do Kenyans, but on a typical morning such a loan might be the difference between being able fuel a motorcycle or not or go to Marikiti to stock up on a supply of cabbages.