This article Explains How to Repay Hustler Fund Loan in Kenya. The Hustler fund is a digital financial inclusion initiative designed to improve financial access to responsible finance for personal, micro, small, and medium-sized enterprises (MSMEs) in Kenya. Repaying the Hustler Fund loan is hassle-free and can be accomplished by following these steps:
- Dial *254# from your mobile phone.
- Select the “Repay Loan” option.
- Enter the desired repayment amount.
- Click “Send” to proceed.
- Enter your mobile money PIN.
- Select option 1 to confirm your loan details.
- Click “Send” to finalize the repayment.
The loan repayment period shall be 14 days with an interest of 8% per annum. Let us put an example – if a customer borrows Kshs 1,000, he will receive Kshs. 950. The borrower may re-pay the loan as a lump sum or in part provided that the full repayment is done within 14 days.