Hustler Fund: How To Quickly Increase Your Hustler Fund Loan Limit 2023
How can I increase my Hustler Fund Loan limit so I can be able to borrow more money from the platform.
Here is an easy way to increase your loan limit from today, if you have previously borrowed money from the Hustler Fund but wasn’t satisfied with your current loan limit.
The loan limits for Hustler Fund will be a minimum of Ksh. 500 up to a maximum that will be determined by the borrower’s credit score and capped at 50,000 Kenyan Shillings.
The Hustler Fund Loan can easily be accessed through USSD code *254# and on the mobile apps of Safaricom, Telkom and Airtel.
The fund is a digital financial inclusion initiative designed to improve financial access to responsible finance for personal, micro, small, and medium-sized enterprises (MSMEs) in Kenya.
How Can You Increase The Hustler Fund Loan Limit?:
The loan limit of a borrower has the ability of rising to a higher amount depending on their behaviours in borrowing and repaying the Hustler Fund Loan.
Therefore, to increase your Hustler Fund Loan Limit, you as a borrower, you are highly encouraged to continue using Hustler Fund and pay your loans on time.
Assessment of credit history on subsequent loan applications and repayment shall apply to determine subsequent qualifications for the facility.
In case a borrower does not repay the loan within the set 14-day period, a loan recovery and collection process will be initiated.
Before the repayment of a loan, you will not be eligible to apply for another loan.
There will be penalties imposed on the defaulters 15 days after the date of default, the interest rate will be adjusted from 8% per annum to 9.5% per annum.