World Bank plans hustler fund-type savings scheme

President William Ruto during first anniversary celebrations of Hustler Fund in Nairobi on November 30, 2023.

Photo credit: File | Nation Media Group

Kenya and the World Bank plan to roll out a Hustler-type saving scheme that will see the multilateral lender match monthly savings of up to Sh258 by the poor, offering a breath of fresh life to President William Ruto's fledgling Hustler Fund.

The scheme seeks to help 50,000 poor individuals build a savings war chest to help them diversify their sources of income, the World Bank says in a new report dated November 2024.

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