A member of the Uasin Gishu County Assembly is now challenging Kenyans not to despise loans being disbursed under the Hustler Fund.
A section of political leaders and Kenyans has been downplaying the impact of the Hustler Fund due to the low amount of loans being disbursed. One can access a maximum of Ksh50,000 on the platform and a minimum of Ksh500.
But while a majority of Kenyans are being given Ksh500 as a starting loan limit, the Simat/Kapseret MCA Moses Kebenei says the money can still be invested in a useful business venture.
In an interview with Uasin Gishu News on December 13, 2022, Kebenei noted that there are many startups that an individual can invest in using the Ksh500 Hustler Fund.
“We must use these Huster Fund loans on the right things because if we want to be self-sustaining in life and grow, whatever we get must be utilized well,” noted the MCA.
The youthful ward representative argues that the loan from Hustler Fund can be used to start up businesses such as selling of eggs, sausages and fruits.
“You also don’t need a lot of money to open a motorcycle repair business or shoe shining. You need as little as what you can get on this fund,” he noted.
Further, the Simat/Kapseret MCA says purchasing a chicken can be another way a Kenyan can invest a Hustler Fund loan out of which he points out that it can accumulate to be able to buy a plot over a period of 10 years.
Hustler Fund repayment
Kebenei also dismissed calls by the opposition for their supporters to borrow loans but not repay back.
He says for one to grow, he/she must commit to repaying loans.
“You have to be strategic and know what you’re supposed to do. If it was me in the opposition, I would tell my people to take advantage of this fund and borrow as much as possible so that they end up benefiting even more than those that voted for the current government,” said the MCA.
President William Ruto launched the Ksh50 billion Hustler Fund on November 30, 2022.
Data shared by the President indicate that as of December 12, 2022, over Ksh7.5 billion had been disbursed on the platform with 15 million Kenyans enrolled.
Further, Ksh1.2 billion of the total loans issued had already been repaid.
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