A Government fund that lets Kenyan Citizens borrow Money through their cell phones. The Government has given it a start up capital of Kshs 50Billion. The Hustlers Fund is revolutionary as its objective is to make affordable credit to sections of the population that have been left behind for far too long. The Hustlers Fund will lend to businesses at 8 per cent a year, the lowest interest ever charged in Kenya.
As a result, citizens will be able to start or boost their hustles without being crushed by predatory lenders, shylocks and over-the-roof interest rates.
Government funding will provide affordable credit in four products:
