Thursday, December 1, 2022 –-Government now reports that in less than 24 hours, Kenyans had borrowed and repaid upto the tune of sh 7.7 million Hustlers loan.
As on Thursday December 1, the State claimed that Kenyans had already borrowed upto sh 413 million by 8:30 PM.
It is also reported that the Hustlers Fund platform had hit a record 1.6 million registrations with borrowers now at 683,000 by Thursday December 1 evening.
Cooperatives and MSMEs Cabinet Secretary, Simon Chelugui, early today Thursday morning noted that Kenyans had borrowed sh 408 million from the facility, only hours after it was launched by the President.
Every second, the kitty was responding to atleast 190 transactions per second TPS down from a high of 500 on Wednesday.
Under the scheme, 1.14 million persons on Wednesday had successfully registered to the plan that seeks to empower those who had been marginalized by both local and international loaning institutions.
Launched on Wednesday December 30 by President William Ruto, the Hustlers Fund will charge only 8 percent annually or 0.002 percent daily.
The loan is to be accessed via USSD code *254# with offers starting from sh 500 upto a maximum loan facility of sh 50,0000 per beneficiary.
