President William Ruto has announced plans to expand access to larger loans under the Hustler Fund as the government continues to strengthen the financial inclusion programme.
The President said the government would continue allocating resources to the Financial Inclusion Fund, popularly known as the Hustler Fund, to ensure more Kenyans access affordable credit.
Following a briefing on the progress of the programme on Wednesday, July 29, Ruto said the fund was transforming the lives of millions of borrowers by providing accessible financing opportunities.
“Received a brief on the progress the Financial Inclusion Fund, popularly known as the Hustler Fund, is making in the lives of customers. We will continue resourcing the fund so that Kenyans can continue accessing the most affordable credit in the country,” Ruto stated.
The update comes as the fund introduced a new support initiative aimed at rewarding borrowers with strong repayment records. Through partnerships with Strathmore University and the African Management Institute (AMI), selected borrowers will receive business development support under the Tukuze Hub programme.
The initiative will provide financial literacy training, capacity building, and guidance to help entrepreneurs identify new opportunities, increase their incomes, and build sustainable businesses.
According to the programme details, borrowers will be selected based on their repayment history and invited through SMS notifications. Those who meet the requirements will then be enrolled to receive business support services.
Ruto revealed that the Hustler Fund has so far disbursed Ksh90 billion to 28 million borrowers through its Personal Loan, Bridge Loan, and Hustler Groups products.
The President added that the fund is currently issuing approximately Ksh50 million in loans every day to borrowers across the country.
The programme has also recorded 10 million repeat borrowers, with 4.5 million achieving A and B credit ratings due to consistent borrowing and repayment behaviour.
Ruto further disclosed that customers have collectively saved Ksh7 billion through the fund, describing the savings milestone as a sign of growing financial discipline among Kenyans.
The President also highlighted the fund’s fully digital operations, noting that borrowing, disbursement, and repayment processes have been digitised to improve accessibility and efficiency.
The government is also preparing to introduce enhanced credit products that will allow qualifying Hustler Fund borrowers to access larger loans from banks and other financial institutions beyond the current limits offered by the programme.
The planned expansion is expected to provide more opportunities for small businesses and individuals seeking affordable financing to grow their economic activities.