{"id":80646,"date":"2023-01-17T15:47:56","date_gmt":"2023-01-17T15:47:56","guid":{"rendered":"https:\/\/www.africa-press.net\/kenya\/all-news\/hustler-fund-kenyans-have-saved-sh740-million"},"modified":"2023-01-17T16:12:47","modified_gmt":"2023-01-17T16:12:47","slug":"hustler-fund-kenyans-have-saved-sh740-million","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/kenya\/all-news\/hustler-fund-kenyans-have-saved-sh740-million","title":{"rendered":"Hustler fund: Kenyans have saved Sh740 million"},"content":{"rendered":"

Africa-Press – Kenya. <\/strong><\/span>Kenyans have saved Sh740 million from 25 million transactions recorded since the launch of the Hustler fund. From the latest data released by Cooperatives Cabinet Secretary Simon Chelugui, borrowers have also pocketed Sh14.8 billion.<\/p>\n

By Monday 3 pm, borrowers had repaid Sh6.8 billion, translating to about 50 per cent. So far, 18 million Kenyans have been registered on the service and are accessing the fund.<\/p>\n

The loan limit has already been reviewed with those who qualified for Sh500 now qualifying for more than Sh900. The review, the CS said, was based on the individual’s repayment record.<\/p>\n

The fund, launched by President William Ruto on November 30, is the biggest campaign promise by the Kenya Kwanza administration targeting ordinary Kenyans.<\/p>\n

At the same time, the number of those who have borrowed more than once now stands at 5.3 million. “We have directly touched more than 18 million Kenyans through the fund and we are happy with the progress we are making,” the CS said.<\/p>\n

From the current trend, it implies that over the last 20 days, Sh8 million has been saved daily. “The second product of the Hustler Fund which targets saccos, groups, startups and chamas will be launched next month,” Chelugui said.<\/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 have saved Sh740 million from 25 million transactions recorded since the launch of the Hustler fund. From the latest data released by Cooperatives Cabinet Secretary Simon Chelugui, borrowers have also pocketed Sh14.8 billion. By Monday 3 pm, borrowers had repaid Sh6.8 billion, translating to about 50 per cent. So far, 18 […]<\/p>\n","protected":false},"author":84,"featured_media":80645,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[6857,7003,544],"class_list":["post-80646","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-kenya","tag-kenya"],"yoast_head":"\nHustler fund: Kenyans have saved Sh740 million - kenya<\/title>\n<meta name=\"description\" content=\"Kenyans have saved Sh740 million from 25 million transactions recorded since the launch of the Hustler fund. 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