How To Apply For Hustler Fund In Kenya

The Government is set to roll out the hustler fund on November 30, 2022, here’s how to apply for the funds. They are available to individuals, groups, small enterprises, and co-operatives.

The loan limits will be a minimum of Ksh500 up to a maximum of Ksh50,000.00 with an interest rate capped at 8% per annum.

Requirements To Get Hustler Fund

To apply for the hustler fund Kenyans should meet the following requirements;

• Be a permanent Kenyan resident.
• At least 18 years old.
• Have a valid Good Conduct certificate.
• Low-income bracket group.
• Be members of any of the credit societies or investment groups that will act as their guarantors.

How to Apply For Hustler Fund

If you meet the above requirements, you can apply for the hustler loan. Here is the application process;

1. Create a youth or women’s group.

2. Write a business proposal.

3. Provide a Certificate of Good Conduct.

4. Indicate your home address.

5. Get the signatures of four guarantors. You must be related to two people.

6. Sign a nondisclosure agreement to serve a jail term for defrauding the government if you fail to repay within 6 months.

7. Open a bank account with National Bank or Kenya Commercial Bank.

8. Produce your KRA Pin.