The number of Kenyans who have registered for the hustler fund has risen to12 million.
Latest data has reported that hustler fund borrowers had repaid Sh281 million as of December 5 midnight.
Cooperatives and MSMEs Cabinet Secretary Simon Chelugui stated that the amount disbursed had crossed the Sh4 billion mark earlier in the day and now stands at Sh4.6 billion.
According to Chelugui the increase in the number of Kenyans registered for hustler fund has indicated the growing enthusiasm that welcomed the launch of the financial inclusion initiative last week.
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Chelugui added that this is cemented by the fact that more than 281,000 repeat borrowers have been captured by the loan’s digital lenders in the same period.
Nonetheless, as of yesterday midnight, the total transactions stood at 8 million.
The Hustler Fund can be accessed through USSD code (*254#) and mobile application platforms provided by any of the existing mobile network operators.