Hustler Fund defaulters to find themselves in hot soup after President William Ruto says this.
President Ruto spit fire during Interdenominational Church service at Ukunda Showground, Kwale County.
During the service, President William Ruto openly informed Kenyans on the ability to take a higher amount from the Hustler Fund initiative. This comes after complaints from Kenyans about the little amount that could not facilitate business in the current economy.
According to President William Ruto, Kenyans are now able to take up to 1 million Kenyan shillings. But before this can be successfully approved, Ruto pointed out that he has Hustler Fund Defaulters list at hand and they won’t be able to take another loan.
This restriction was put in place by the government to ensure everyone who defaults the money repayment shall be blocked from taking hustler Fund loan until he or she clears the pending loan.
Statistics show that Hustler Fund Defaulters are at 30%, while 68% are loyal borrowers.
Hustler Fund defaulters are urged to pay back their loans in order to grow their loan limits.