When shall the hustlers fund be open for application?
The hustler’s fund is open for application from today 30th November 2022. The cabinet approved the fund and 50 billion shillings were allocated and have been disbursed to the initiative. Below are the requirements and the procedure on how to apply the hustler’s fund.
Who can apply hustlers fund?
The hustlers fund is open for application to individuals and groups in the small and medium businesses sector in kenya. Below are the groups and individuals that can apply for huslers fund.
- All kenyans with an ID card and registered sim card for safaricom, Airtel or telkom.
- Individuals with small and medium businesses
- Small enterprises and co-operatives.
- Registered groups with SME’s
Hustler’s fund requirements
To apply for the hustlers fund, you shall need the following requirements:
- Be a kenyan citizen
- Be a permanent kenyan resident
- Have a kenyan national ID
- Have a registered SME in kenya for the bigger loans.
- Belong to an investment group or cooperative that shall act as guarantor for the bigger loans.
How to apply for the hustler’s fund
For the individual application:
- Dial *254#
- Accept the terms and condition
- Enter your Mpesa pin
- After a few moments, a message with your loan limit shall be sent to your inbox.
Hustlers Fund Loan Application SMS code
The sms code to apply for the hustlers fund loan is *254# for safaricom.