How Ruto plans to deal with Hustler Fund defaulters revealed

President Ruto has warned Hustler Fund defaulters that they will not be allowed to borrow money as a group.

The President said that the government has increased the amount of money available for borrowing, but that those who have defaulted on their individual loans will not be eligible.

“You’re the one to decide, if you want to borrow, first pay the amount you borrowed,” Ruto said. “You have nobody to blame, the opportunity you will destroy it yourselves.”

The President’s comments come as the government has stepped up efforts to crack down on Hustler Fund defaulters. In Kwale County, for example, 30 percent of borrowers have defaulted on their loans.

The Hustler Fund is a government-backed program that provides loans to small businesses and entrepreneurs. The program has been praised for its ability to help people start and grow their businesses. However, there have also been concerns about the high default rate among borrowers.

The President’s warning to defaulters is a sign that the government is serious about ensuring that the Hustler Fund is used as intended. If borrowers do not repay their loans, they will not be able to access the program in the future. This will help to ensure that the funds are available to those who need them most.