{"id":76119,"date":"2022-11-30T14:54:58","date_gmt":"2022-11-30T14:54:58","guid":{"rendered":"https:\/\/www.africa-press.net\/kenya\/all-news\/how-to-grow-your-huster-fund-loan-limit"},"modified":"2022-11-30T15:45:32","modified_gmt":"2022-11-30T15:45:32","slug":"how-to-grow-your-huster-fund-loan-limit","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/kenya\/all-news\/how-to-grow-your-huster-fund-loan-limit","title":{"rendered":"How to grow your Huster Fund loan limit"},"content":{"rendered":"

Africa-Press – Kenya. <\/strong><\/span>Kenyans will from Wednesday be able to access Hustler Funds through their mobile phones.<\/p>\n

Currently, the fund has a minimum limit of Sh500 and a maximum of Sh50,000.<\/p>\n

However, President William Ruto during the launch said borrowers stand a chance of increasing their loan limits if they repay their loans before the stipulated repayment day elapses.<\/p>\n

“Wakati unakopa na kulipa ndio unapata nafasi nyigine ya kukopa tena, unagraduate uende micro loan itoke Sh50,000 uende level nyigine,” he said.<\/p>\n

This is loosely translated to: “When you borrow and repay your loan, you get another chance of reborrowing, and graduate to another level of the Huster Fund.”<\/p>\n

During a press brief, Cabinet Secretary for Co-operatives and SMEs Development Simon Chelugui said the loan limit will increase depending on the behaviour of the borrower.<\/p>\n

\u201cLimit shall be reviewed and readjusted depending on the borrowing and repayment history of previous loans taken,\u201d he said.<\/p>\n

The credit history of a borrower will also determine the amount one will receive.<\/p>\n

“Hustlers are encouraged to continue using the Fund and pay their loans on time, to increase their limits.”<\/p>\n

Borrowers will use *254# to access the Hustler fund following an announcement by leading network telcos.<\/p>\n

Kenyans who have subscribed to Safaricom, Airtel and Telekom will be required to dial the short code to access the loans after its launch by President William Ruto.<\/p>\n

Chelugui had said there will be no registration required for the Huster Fund.<\/p>\n

“We urge members of the public to disregard all forms of communications inviting them to register for funds on a website or via a phone number,” he said.<\/p>\n

Ruto said the Sh50 billion annual kitty will be channelled towards supporting micro, small and medium, enterprises (MSMEs).<\/p>\n

For More News And Analysis About Kenya<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Kenya. Kenyans will from Wednesday be able to access Hustler Funds through their mobile phones. Currently, the fund has a minimum limit of Sh500 and a maximum of Sh50,000. However, President William Ruto during the launch said borrowers stand a chance of increasing their loan limits if they repay their loans before the […]<\/p>\n","protected":false},"author":84,"featured_media":76117,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,6,7],"tags":[6857,7003,544],"class_list":["post-76119","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-files","category-head-lines","tag-africa-press","tag-africa-press-kenya","tag-kenya"],"yoast_head":"\nHow to grow your Huster Fund loan limit - kenya<\/title>\n<meta name=\"description\" content=\"Kenyans will from Wednesday be able to access Hustler Funds through their mobile phones. 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