Government Increases Hustler Fund Disbursement To Ksh.41B

The Hustler Fund has disbursed over Ksh 41 billion to over 22 million Kenyans since its inception according to the latest data from the government.

This is an increase from Ksh 39 million last week as more Kenyans continued to borrow from the revolving fund that has been met with support and condemnation in equal measures.

This came as the State department Micro, Medium, and Small Enterprises (MSMES) announced plans for an MSME fund targeting small and medium traders.

According to the PS in charge of MSMES Susan Auma, the number of Kenyans borrowing from the Hustlers funds was on the rise.

She downplayed allegations of mass default adding that the fund had empowered millions mainly the low wage earners in supporting their small businesses.

“As of the start of this week, the amount disbursed to Kenyans from the Hustlers funds has risen to Ksh 41B with over 22 million people benefiting,” she said.