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Featured Articles and Analysis

One in Every Three Hustler Fund Borrowers in Default

Just about 9 months since the launch of the financial inclusion fund, Hustler Fund, over Ksh33 billion has been disbursed to some 17.2 million Kenyans with over Ksh10 billion currently outstanding. Kenyans holding about Ksh3 Billion of this outstanding amount are not repaying. This even as the average loan amount stands at Ksh1,900.

Hustler Fund Loopholes as Bank-to-Mobile Charges Return

Defaulting hustlers can withdraw savings earlier than "good" Hustler Fund borrowers, Safaricom reduces the cost of postpaid and monthly plans but removes minutes rollover while from January bank to mobile money transfer charges resume after 34 months on today's Money254 Money Updates.

How Long Will the Hustler Fund Last if One in Every 4 People Default?

If all Ksh50 billion of the Hustler Fund went to the 14-day consumer loan product at 8% per annum product we’ve heard about, the Hustler Fund would need to achieve an astounding 99.7% repayment rate on each 14 day-loan cycle to stay afloat.

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