Home MSMEs Sh50b hustlers’ fund set to be in operation in next two months

Sh50b hustlers’ fund set to be in operation in next two months

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President William Ruto has promised to officially launch the Sh50 billion Hustler Fund he promised during election campaigns by December 1.

Dr Ruto said this even as he blamed Opposition leader Raila Odinga for the high food prices and the rising cost of living in the country.

Speaking during the launch of Thiba Dam in Kirinyaga County , President Ruto said the kitty, which targets micro, small, and medium, enterprises (MSMEs), will give loans to groups at low-interest rates.

“The Fund will be ready by December. You will access the money through groups and the Savings and Credit Co-Operative Society (Saccos), you have to be ready. We do not want to charge high-interest rates that is why we are thinking of a single-digit interest rate,” said the Head of State.