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Ruto order adds Sh1.8bn on Hustler Fund budget
President William Ruto (right) and Prime Cabinet Secretary Musalia Mudavadi (centre) during the launch of the Hustler Fund at Green Park Terminus in Nairobi on November 30, 2022.
Photo credit: PCS
What you need to know:
- A directive by President William Ruto to raise the loan limit for six million Hustler Fund borrowers will add Sh1.8 billion to the fund’s budget, an assessment shows.
- Cooperatives and Micro, Small, and Medium Size Enterprises Cabinet secretary Simon Chelugui said the government is ready to raise the borrowing limit for 42 per cent of the 14.2 million Kenyans who have tapped into the Hustler Fund credit so far.
- The Sh12 billion Hustler Fund is earmarked to be one of the biggest beneficiaries in the recently published Supplementary Budget Estimates for the financial year 2022/23.
A directive by President William Ruto to raise the loan limit for six million Hustler Fund borrowers will add Sh1.8 billion to the fund’s budget, an assessment shows.
Cooperatives and Micro, Small, and Medium Size Enterprises Cabinet Secretary Simon Chelugui said the government is ready to raise the borrowing limit for 42 per cent of the 14.2 million Kenyans who have tapped into the Hustler Fund credit so far.
