The Board of the Financial Inclusion Fund (Hustler Fund) has announced the appointment of Henry Tanui as the new Chief Executive Officer for a renewable term of three years.
Tanui takes over from Ms. Elizabeth Nkukuu, who has been heading the Fund since its inception.
Speaking about his appointment, Tanui expressed optimism about the Fund’s future.
He stated that the Hustler Fund has already proven to be catalytic in supporting livelihoods and economic growth.
Hustler Fund Appoints Henry Tanui as New CEO
The CEO outlined his key priorities, emphasizing the need for operational improvements.
“My focus will be on reengineering our collection processes, strengthening financial literacy, and building ecosystem lending channels that expand our reach and deepen our impact,” he said.
The Board acknowledged Nkukuu’s dedicated service and pioneering leadership, which established a strong foundation for the Fund.
Also Read: Ruto Explains How Eldoret Shylock Inspired Hustler Fund
On her part, the outgoing CEO, Elizabeth Nkukuu, expressed her gratitude for the opportunity to serve and congratulated her successor.
She mentioned that she was proud of the progress made in reaching millions of households and MSMEs.
“It has been a privilege to serve Kenyans by establishing and launching the Hustler Fund. I warmly congratulate Mr. Tanui and wish him every success in expanding the Fund’s impact in the years ahead,” she said.
Tanui is an experienced financial services professional with over 24 years in the industry. He has broad expertise in Risk Management, MSME Lending, Business Lending, Personal Lending, Mortgages, and International Trade Finance.
He has held senior roles at Ecobank, Consolidated Bank of Kenya, and the Industrial and Commercial Development Bank of Kenya.
His extensive background has given him a deep understanding of Kenya’s economic development and the vital part that financial services play in promoting inclusive growth.
Also Read: How Kenyans Can Raise Hustler Fund Limit from Ksh 500 to Ksh 150,000
Hustler Fund Strengthens Credit Access for Over 9 Million Kenyans
Cabinet Secretary for Cooperatives & MSME Development, Dr. Wycliffe Oparanya commended the role of the Fund in the country’s socio-economic agenda.
He stated that the Financial Inclusion Fund has already provided affordable credit to more than 26 million Kenyans.
“As we look ahead, I encourage the Hustler Fund team to enhance their efforts in promoting timely repayments to improve credit scores and to expand financial literacy programmes that support Kenyans in succeeding,” he added.
Principal Secretary for MSME Development, Susan Mangeni, highlighted the Fund’s impact in enhancing financial inclusion.
She noted that through the Hustler Fund, over 9 million Kenyans now have improved credit histories and are more capable of accessing financing from mainstream financial institutions.
“We extend our gratitude to Ms. Elizabeth Nkukuu for her steady leadership in establishing the Fund and guiding it through its early stages,” she said.
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