More than half of the borrowers under the Financial Inclusion Fund or Hustler Fund have defaulted on repayments totalling Sh11 billion, while the non-performing loans (NPLs) ratio hits 21 percent.
According to the State Department for Micro, Small, and Medium Enterprises (MSMEs), about 24 million customers have accessed loans from the fund, while only about two million Kenyans have achieved a high credit rating by making timely and full repayments.
