Tag: Hustler fund news

How Ruto plans to deal with Hustler Fund defaulters revealed

Posted on by Ozymandias

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.

3 obvious places kenyans are likely to spend their Hustler fund loans

Posted on by Pauline Syombua

I know its been tough for the past few years (since Covid-19) and many kenyans have been struggling financially which is why President Ruto launched the Hustler fund to help kenyans access loans which will help one way or another.

With the Hustler funds now accessible, there are many who rushed to apply with some hoping to set up small businesses; while others – lets just say they’re yet to know how to use these loans to help themselves.

Well i guess I will be talking about because clearly without a plan or vision, most will spend the money on:

Betting

With the betting sites ‘promising easy cash’ they easily attract people with gambling addiction (no matter how small it is) and this is how most will lose their money. They say a gambler never stops….so think about those hoping to double up their funds the easy way….does it ever pay off? Maybe once in a while….but kila siku si Sunday.

Women

Singer patoranking tells you  she go whine well when she sees the cash….amd believe me women are naturally attracted to men with money and with hustler funds offering loans worth hundreds of thousands….especially now that we we are in December….i guess its Patek!

Alcohol

Did someone say ni drink December? Na kuna loans.…sadly to say that we all know Kenya is slowly becoming a drinking nation with many turning Sunday to a drinking day…i only see most people flexing with expensive drinks wajitreat after months of suffering. I know thats the mentality most broke people have….but truth is – as sweet as the loans seem right now, when it comes to paying them ni wewe na mungu wako.