Kworld trend / Hustler fund app download, President William Ruto launched his administration’s signature project, Hustler Fund at Green Park in Nairobi on Wednesday 30 November 2022.
President William Ruto, on Wednesday 30 November, launched his flagship pledge of the Hustlers’ Fund in a ceremony held at the Green Park Terminus in Nairobi.
How to Apply for the Hustler Fund on Your Mobile Phone
The range for the personal loan category will be between Ksh500 and Ksh50,000, which must be repaid within 14 days. SMEs and start-ups can access loans of up to Ksh250,000.
Loan limits will be based on credit scores, which implies that the time required to service a loan will play an important factor in processing future loans.
President William Ruto, DP Rigathi Gachagua and Governor Johnson Sakaja interact with traders during the launch of the Hustler Fund at the Green Park terminus on Wednesday 30 November 2022.
President William Ruto, DP Rigathi Gachagua and Governor Johnson Sakaja interact with traders during the launch of the Hustler Fund at the Green Park terminus on Wednesday 30 November 2022.KENYANS.CO.KEIVY NYAWIRA
How to apply
According to the ministry, applications for the loan will be through a USSD code *254# which will lead the user to a menu. Alternatively, you can also access the credit facility through mobile applications provided by mobile money service providers in the country. Dial USSD code *USSD code# or mobile application.
Select the loan request option to view the limit, interest rate and loan term.
Enter the loan amount and press OK to continue
Attorney General Justin Muturi (left) and Chief of Staff Felix Koskei speak moments before the launch of the Hustlers Fund at the Green Park Terminus on November 30, 2022.
Attorney General Justin Muturi (left) and Chief of Staff Felix Koskei speak moments before the launch of the Hustlers Fund at the Green Park Terminus on November 30, 2022.KENYANS.CO.KEIVY CLAIRE
Confirm loan details as shown to proceed, Enter Mobile Money pin
Receive loan disbursement SMS notifications with relevant loan information.
Can you get more than one loan?
No, you can only get one loan at a time and qualify for another loan if you pay off your loan in full.
Qualified borrowers are eligible for only one loan at a time, therefore multiple loans on various networks are prohibited.
If borrowed incorrectly, the amount can be reversed
No reversal is allowed. You must repay the loan. How much money will be sent to my phone
Upon approval, 95 percent of the money will be disbursed to the mobile money account, while the remaining five (5) percent will be sent to your savings account for the Hustlers retirement program.
Can you change your number and transfer the loan to a new number?
You cannot change your number or register more than two numbers.
“The customer can only register once with a unique identifier or National ID. If you need to register another number, you must unsubscribe from the current line,” Hutler Fund guidelines.
Your money is also safe if you lose your phone and have a hustler fund.
Once you replace your SIM card with your mobile network operator, you can access your Hustler Fund account using your current Mobile Money PIN.
“After a SIM swap, your line will choose the Hustler Fund account you had on a previous line, and you won’t need to sign up again.”
Hustler Fund Loan App Download
To start getting loans from this lender, you need to download the Hustler Fund loan app from the Google Play Store and create your own account. Not really, the service will be available as a mini app within M-Pesa App, Airtel Money App and T-Kash App.
I will definitely share the Hustler Fund link when an independent Hustler Fund loan app will be available for download.
Approved loans will be accessible through the borrower’s M-Pesa account, Airtel money account or T-Kash account.
Steps to Access Hustler Fund via Mobile App or USSD
- Dial USSD code *254# or open the mobile application of your respective mobile service provider and navigate to the ‘Hustler Fund’ section.
- Select the loan request option to view the limit, interest, and loan tenure.
- Enter the loan amount and press OK to continue
- Confirm loan details as displayed to continue
- Enter your Mobile Money pin
- Receive SMS notifications on Loan allocation with relevant loan information.
Pay off Hustler Fund Loans
Hustle loan payment is done from the app or via USSD code *254# without using the hustler fund payment number.
Early payment of hasla loan triggers an increase in loan limit.
Following the official launch of the Hustler’s Fund by President William. Ruto on the afternoon of Wednesday 30 November 2023, Kenyans can now. Apply for the funds also known as Financial Inclusion. Fund from the comfort, convenience, and privacy of their mobile phones.
Hustler Fund borrowers will use the USSD code *254# to access the fund. This was announced by the leading telcos in Kenya; Safaricom, Airtel, and Telkom.
How to apply for Hustler Fund loan via mobile app & USSD
Alternatively, you can also use the mobile applications of one of the telcos you are registered to access the fund.
This will work from midnight on 1 December 2022.
Subscribers of any of the three telcos need only dial this code to start the process of applying for the HUstler Fund, an essential campaign promise by the Kenya Kwanza administration.
The Cabinet Secretary for Cooperatives Simon Chelugui had earlier said that there would be no registration or paperwork required for anyone to apply for the Hustler Fund.
Loan 50000