Hustler Fund: Loan, Repayment, Limit, Rates and Contacts 2023

Hustler Fund

Here is everything you need to know about the Hustler Fund Loan from how to apply the loan, how to pay the loan back, interests rates, increasing limit and other important frequently asked questions and contact details.

Hustler Fund is a Government fund that lets Kenyan Citizens borrow Money through their cell phones.

The Government has given it a start up capital of Kshs 50Billion.

The Hustlers Fund is revolutionary as its objective is to make affordable credit to sections of the population that have been left behind for far too long.

The Hustlers Fund will lend to businesses at 8 per cent a year, the lowest interest ever charged in Kenya.

As a result, citizens will be able to start or boost their hustles without being crushed by predatory lenders, shylocks and over-the-roof interest rates.

Government funding will provide affordable credit in four products:

Personal Finance

Micro Loan

SMEs Loan

Start Ups Loan

What Is The Hustler Fund:

A Government fund that lets Kenyan Citizens borrow Money through their cell phones.

The Government has given it a start up capital of Kshs 50Billion.

Why Was it Created:

To provide financial empowerment and security to the people at the bottom of the pyramid

Free low-income citizens from bondage of loan sharks

How Much can one borrow on Hustler Fund:

A minimum of Kshs. 500/=. Out of every Kshs 100 borrowed:

Kshs 95 will go into the borrowers loan account

Kshs 3.95 will go to his/her pension account

Kshs 1.05 will go to his/her savings account

Advantages Of The Hustler Fund Loan:

  • Low Intereset rate (8%)
  • No collateral required
  • No CRB Listing
  • NO threats
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Why is the Hustler fund important?

The Hustler fund is important because it provides access to responsible finance for personal, micro, small, and medium-sized enterprises (MSMEs) by innovating, developing, and deploying bottom-of-the-pyramid financial services and products that are affordable, accessible, and appropriate for the unserved and underserved persons, including credit, saving, insurance, pension, and investment products.

It is envisaged that the fund will help to improve financial access and reduce poverty.

There are four products available under the Hustler fund, these include:

Personal Finance – (KSh 500 to KSh. 50,000 depending on your scoring)

Micro Loans

SME Loans and

Start Up

The increase in limit will be dependent on the individual customer’s performance on consistent loan borrowing and repayment on time

The limit shall be reviewed and adjusted based on the borrowing and repayment history of previous Hustler Fund loans taken.

What is the interest charge on the personal loan?

The loan interest rate is capped at 8% per annum computed on a pro-rated basis.

Does the loan have a processing fee, or you get the full amount?

No. There is no processing Fee

Out of the total approved loan amount, on disbursement 95% shall be deposited to your Mobile Money wallet, and the remaining 5% shall be deposited to your savings account scheme of the fund

How do I know if I am eligible to access any of the products?

Must be a Kenyan citizen of 18 years of age and above

Must have a valid national Identification Card (ID)

Must have a registered mobile number from a recognized Mobile Network Operator in Kenya i.e., either Airtel, Safaricom or Telkom i.e., either Airtel, Safaricom or Telkom

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Have a mobile money account i.e., either Airtel Money/M-PESA/T-Kash

The SIM card in question can/ will only be eligible if it has been in use for more than 90 days.

Reside and conduct economic activities in Kenya.

Provide the Location of residence during the onboarding process (where applicable)

What happens if you lose your mobile phone and have a Hustler Fund account?

Your money is safe because your Hustler Fund account is protected by your Mobile Money PIN.

Once you replace your SIM card at your Mobile Network Operator outlet, you will be able to access your Hustler Fund account using your current Mobile Money PIN

Can I register more than one mobile number?

No. You can only register one number into the Hustler Fund i.e., the customer can only opt-in once with a unique identifier as National ID

If you need to register another number, you will need to opt out of the current line

How can I register an account on the platform?

The customer is required to:

Sign up for the Hustler Fund platform by dialling *USSD code# or through the mobile app.

Accept the Terms and Conditions to join the Fund

Enter Mobile Money Pin

Upon fulfillment of steps 1-3, an SMS will be sent to notify them of their successful registration and the limit assignment.

In the event of a failed registration, the borrower will be notified via SMS

Hustler Fund Loan Kenya Contact:



Nairobi Kenya




[email protected]

Twitter: thehustlerfund

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