Kenyans can now borrow money from the Hustlers Fund using the short code *254# on Safaricom, Airtel and Telkom networks after its official unveiling by President William Ruto on Wednesday.
After dialling the short code, you will be required to insert your ID and pin number before selecting the loan that best suits you.
Personal loans being offered on the Fund are between Sh500 and Sh50,000, with the repayment period being 14 days.
The interest rate on the loan is eight per cent annually.
“The Hustlers Fund will give every hustler a second chance. Unlike other loan schemes, the Hustlers Fund will not require [lengthy] application [processes], just your mobile phone,” said President Ruto during the launch at the Greenpark Terminus in Nairobi.
