Fix loophole in Hustler Fund to tame defaulters

President William Ruto during the Launch of Hustler Fund at Green Park, Nairobi. PHOTO | PCS

The State should fix the loophole that favours Hustler Fund defaulters in terms of giving them early access to savings compared to good borrowers who will wait for one year.

When one borrows from the State-backed fund, five per cent of the amount is automatically deducted and retained for savings and pension.

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Note: The results are not exact but very close to the actual.