At least Kenyans have repaid more than Sh37 billion out of a disbursement of Sh49 billion Hustler Fund loans, government has revealed.
Cooperatives, Micro, Small and Medium Enterprises Cabinet Secretary Simon Chelugui, said on Friday, March 22, during a Visa and the Africa Confederation of Cooperative Savings and Credit Association partnership event, that the fund is yet to receive 100 per cent repayment despite the rise in disbursements.
The CS added that people who have joined the fund since its launch on November 30, 2022, are 22,788,294.
This comes at a time when government is seeking to rope in at least 10,000 Kenyans every year.
“As at today (March 22), the personal disbursement was at Sh49,646,160,903. On the repayment so far, based on our terms and conditions, we have received back Sh37,651,195,451 – that is about 71 per cent repayment rate,” Chelugui said.
