Hustler Funds targets loan defaulters’ M-Pesa

Hustler Fund acting chief executive Elizabeth Nkukuu.

Photo credit: File | Nation Media Group

Individuals who have defaulted on Hustler loans will soon have the unpaid debt deducted from their M-Pesa accounts and airtime in the struggle to recover more than Sh7 billion from the 13 million defaulters.

Hustler Fund acting chief executive Elizabeth Nkukuu told a parliamentary committee that they are engaging mobile phone operators such as Safaricom on how to recover the unpaid loans from their subscribers.

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