Who can access the Hustler Fund Loan? The Government established the Financial Inclusion Fund popularly referred to as Hustler Fund to help cushion and mitigate financial shocks for this informal sector which accounts for more than 80% of the workforce and contributes over 33% of the Gross Domestic Product (GDP).
The core objective of The Hustler Fund is to offer holistic financial solutions targeting people at the bottom of the pyramid. The main pillars within the financial inclusion fund are:
- Affordable credit
- Competitive savings & Pensions products
- Comprehensive insurance solutions
- Access to affordable housing
- Market linkages
- Financial Literacy
The Hustler Fund Loan is available to individuals and small business owners who meet the following requirements.
- Be a Kenyan citizen above 18 years of age.
- Be a holder of a valid National ID.
- Have a registered mobile number from a recognized mobile operator like Safaricom, Telkom, or Airtel.
- The registered sim card (mobile number) must be in use for at least 90 days.
- Have a registered mobile money wallet with a recognized mobile operator, e.g., Mpesa (Safaricom), Tkash (Telkom), or Airtel Money (Airtel).
- Provide valid residential details.
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