DP Rigathi Gachagua famously now as Riggy G says Rigathi 70% of the Hustlers’ Fund going to women.
He says 50% of the fund is reserved for women. Funds for hustlers will be distributed online; no committee is required.
The DP further acknowledges that Kenyan women are very hardworking and enterprising.
And even if the ratio was different, Gachagua says; the women would still take up to 70% of the Hustlers’ Fund because they will pay, have good records, and have high levels of integrity.
They also know that the money is not for free.
The Fund will not leave anyone interested in the opportunity of getting it.
The Hustlers’ Fund annual Ksh 50 billion kitty will start to be distributed on December 1, 2022.
The funds will be made accessible at a one-digit interest rate of 8% per year and are open to people, groups, small businesses, and cooperatives.
Requirements to apply for the Hustlers’ Fund.
Kenyans interested in applying for the hustler money must fulfill the requirements listed here.
- Be a permanent Kenyan resident.
- Age of at least eighteen years.
- Have a current Good Conduct Certificate.
- Fall in the low-income category.
- Be a part of one of the investment organizations or credit societies that will serve as their guarantors.
Loan Caps for the Hustler’s Fund
Individuals can borrow between Ksh 500 and Ksh 50,000 from the Hustler Fund.
Depending on the customer’s business needs, different loan amounts will be given for each application.
