The Hustler Fund is here and Kenyans have already began applying for the 50 Billion fund.
After being formally launched, the Hustler Fund platform’s operators estimate that loan applicants are making at least 600 requests per second, which causes a delay in registration and application to access the money.
President William Ruto, his deputy Rigathi Gachagua, and prime cabinet secretary Musalia Mudavadi were among the first to attempt demonstrating how to obtain a loan from the kitty during the launch and were all impacted by the delay.
Kenyans react to requests to enter pin for Hustler Fund
Whey are they asking for mpesa pin?
Hustler Fund needs your Mpesa pin directly?
What is the reason for having to enter mpesa pin while registering for the hustler fund?
Enter Mpesa pin… Alaa hustler fund why prompt for my mpesa pin? Tala doesn’t ask for my pin… Fintech experts should explain this.
Mbona waulize MPESA pin when registering for Hustler Fund?
Mpesa pin yangu ni 7678 fanyeni kitu mnataka.
If you gave your correct Mpesa pin for the #hustlefund, I have good news for you!
Why is MPESA pin a requirement while applying for hustler fund? Why are they asking for it? #hustlefund
Why would the hustler fund ask for my mpesa pin ?. This seems abit creepy, it’s like facebook asking for you twitter password.
Requirements to get the Hustler Fund loan
A mobile money account with either Mpesa, Airtel Money, or Tkash is required, with a sim card that has been in use for more than 90 days.
One customer may not borrow with more than one ID number because the ID number serves as the Hustlers Fund’s unique identification.
Additionally, because the Hustler Fund account is PIN-protected, savings remain safe even if a mobile device is lost. Access to the account will be reinstated once the SIM card has been changed.
How to apply for Hustler Fund loan using a Mobile App and USSD *254#
Call the USSD code *254# or use a mobile app.
To check the limit, interest rate, and loan duration, choose the loan request option.
To proceed, enter the loan amount and click OK.
Verify the loan information displayed to continue.
Why mpesa pin in hustlers fund
Enter the pin for mobile money to confirm your number has a mobile money account, the account has been active for 90 days and you are not using double identity or someone ‘s number to apply.
The Hustler Fund account owner must be verified using the Airtel Money, T-Kash or Mpesa PIN before the loan can be disbursed.
Then you receive SMS notifications on Loan allocation with relevant loan information.
If you repay your loan in full, you will be eligible for another loan. You can only have one loan at a time.
Multiple loan borrowing on different networks is not allowed since qualified borrowers are only permitted to take out one loan at a time.
Upon approval, 95% of the funds will be transferred to your mobile money account, and the remaining 5% will be transferred to your savings account in support of the Hustlers pension plan.
If you replace your SIM card, your line will automatically select the Hustler Fund account you previously had on that line; you won’t have to register again.
The government has imposed a minimum age requirement of 18 years old as one of its prerequisites for potential Hustler Fund recipients.
Although you have the option to reject the Hustler money loan, you can still continue to use the service for saving.
Will you opt in now that they are asking for your M-pesa pin directly?
Ama Pin yako ni Siri yako?
Read Also:10 reasons the Hustler Fund is not bad for you
