Hustler Fund to rival banks with Sh2.5m limit small business loans

Chelugui

SMEs Cabinet secretary Simon Chelugui. FILE PHOTO | NMG

The State will offer a Sh2.5 million limit loan for small businesses through the Hustler Fund as the Kenya Kwanza administration moves to fulfil its campaign promise to ease access to credit by small and medium enterprises (SMEs).

SMEs Cabinet secretary Simon Chelugui announced on Monday that the facility, which would rival banks with a lower eight per cent interest, will be launched next March following the successful launch of small loans last month.

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