Time flies with great content! Renew in to keep enjoying all our premium content.
Prime
Kenyans default on Sh9.9 billion Hustler Fund loans
President William Ruto and Prime Cabinet Secretary Musalia Mudavadi during the launch of the Hustler Fund at Green Park Terminus, Nairobi. FILE PHOTO | NMG
The value of Hustler fund loan defaults stood at nearly Sh10 billion in the first 11 months since the launch of the micro, small, and medium enterprises(MSMEs)-focused credit facility in November last year.
New disclosures from the National Treasury put the overall repayment rate of loans disbursed via the fund at 73 percent revealing significant impairments.
