The government has stepped up efforts to recover at least KSh10 billion borrowed from Hustler the Fund, but is yet to be paid back. A report from the National Treasury says many Kenyans who borrowed money from the fund haven’t serviced their loans for over a year, thereby putting the sustainability of the Hustler Fund in doubt.
Defaulters who have not serviced their Hustler Fund loans for over a year now face a penalty, according to notices being sent to them via text messages. The National Treasury says the high default rate is now the biggest challenge that has hit the fund, launched on November 30, 2022.
