The Treasury has signalled a reduction in the disbursement of cheap State-backed mobile loans with a cut in the budget for the Hustler Fund by almost half to Sh5 billion in the latest budgetary changes.
This is from the Sh10 billion that the Treasury Cabinet Secretary, Njuguna Ndung’u, initially set aside for the Hustler Fund, officially known as the Financial Inclusion Fund, in June for 2023/24.
