Govt Mulls Ksh.6B Hustler Fund Loan Write-Off Amid MP Backlash - Nairobi Wire

Govt Mulls Ksh.6B Hustler Fund Loan Write-Off Amid MP Backlash - Nairobi Wire

The government is considering writing off defaulted Hustler Fund loans totaling up to Ksh.6 billion, Principal Secretary for Micro, Small and Medium Enterprises Development Susan Mang’eni has announced. The loans, issued to 10 million Kenyans in 2022, remain unpaid more than two years later. While appearing before the National Assembly’s Committee on Trade, Industry and Cooperatives, Mang’eni confirmed that the borrowers failed to repay the loan…

UDA Plans to Write Off Sh6B in Defaulted Hustler Fund Loans

The Kenyan government has announced that it will cancel about 6 billion shillings in loans that nearly 10 million people have not paid back. These loans were given through the Hustler Fund, which started in 2022. This step is part of the government’s efforts to deal with the major problems that borrowers are facing in […] Source